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Swiss Parliamentary Panel Calls On SNB To Raise EUR/CHF Floor
An economic advisory panel to the Swiss lower house Monday joined in with those calling on the central bank to raise the floor at which the euro is trading against the Swiss franc to CHF1.30 from CHF1.20, a Swiss news agency reports. The panel said it hopes, the Swiss National Bank will lift the floor "as soon as possible," but added that the decision to do so rests solely with the central bank. The panel also voted against asking the Swiss government to launch another set of fiscal policy measures to aid the economy. The report by SDA, Switzerland's only national news agency was published on the ... (full story)