Hi zintro expert,
the zintro blog needs you! we are looking for expert opinions on the news mentioned below and would like to hear from you within the next couple of days.
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- replies should be brief about 1-2 paragraphs and include your full name
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hereâs the topic on which weâd love your thoughts:
according to swiss national bank (snb) board member fritz zurbruegg, the cap of 1.20 per euro on the haven franc will remain in place as the global economic recovery proceeds sluggishly due to the risk of deflation and recession.
the minimum exchange rate will remain a necessary instrument for the foreseeable future, the policy maker said at a reception of money-market traders in geneva recently. the monetary policy we have conducted to date will continue to apply without any restrictions.
According to zurbruegg, although the gross domestic product of switzerland is 5 percent above its place pre-crisis level, growth has been driven by domestic consumption due to high immigration and annual output in per capita terms has not yet returned to its pre-crisis level, and the output gap remains negative.
What are your thoughts on snbs decision to keep the cap in place? What effects will it have?
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the zintro blog team+3 Other Responses