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SNB Seen in No Rush to End Cap as 1970s Offer Exit Clue

From bloomberg.com

The Swiss National Bank will stick with its expansive policy for at least another year, economists said, giving officials a chance to read up on their history for ideas on an exit strategy. A majority of analysts in Bloomberg’s monthly survey said the board led by Thomas Jordan will abandon the franc cap of 1.20 per euro next year at the earliest. About half say the SNB will keep up the defense until 2016. Introduced in 2011 after haven flows pushed the franc to near parity with the euro, it was the second time the central bank in Zurich set a minimum exchange rate, after its 1978 measure to control the franc’s level ... (full story)

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