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OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » So Much Changes In 48 Hours

So Much Changes In 48 Hours

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1So Much Changes In 48 Hours Empty So Much Changes In 48 Hours Thu Jan 15, 2015 10:12 pm

PurpleSkyz

PurpleSkyz
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So Much Changes In 48 Hours
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Submitted by Tyler Durden on 01/15/2015 08:25 -0500



  • Monetary Policy
  • recovery
  • Swiss Franc






inShare2
 
From January 12, 2015:


The Swiss National Bank's cap on the franc at 1.20 per euro will remain its key monetary policy tool, the central bank's vice-chairman said in a television interview broadcast on Monday. "We took stock of the situation less than a month ago, we looked again at all the parameters and we are convinced that the minimum exchange rate must remain the cornerstone of our monetary policy," Jean-Pierre Danthine told RTS.
From January 15, 2015:


Recently, divergences between the monetary policies of the major currency areas have increased significantly – a trend that is likely to become even more pronounced. The euro has depreciated considerably against the US dollar and this, in turn, has caused the Swiss franc to weaken against the US dollar. In these circumstances, the SNB concluded that enforcing and maintaining the minimum exchange rate for the Swiss franc against the euro is no longer justified.
In short: it's a centrally planned world, and those who were short the CHF as of yesterday, our condolences on your career-ending event. But don't worry, the recovery is here and you can easily get any other job you desire.

Thanks to: http://www.zerohedge.com



  

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