Swiss to join dovish global shift as franc tightens grip


  • Business
  • Thursday, 13 Jun 2019

ZURICH: The Swiss National Bank is again at the mercy of its bigger neighbours and will have to lean in a more dovish direction to keep its currency under control.

With the franc having touched a two-year high against the euro, SNB president Thomas Jordan and fellow policy makers are feeling the pressure from risks such as trade tensions, a German industrial slump, Italian politics and Brexit.

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