One central bank that seems to have almost emerged victorious from the fight against inflation already is the Swiss National Bank (SNB). Economists at
Current CHF exchange rate likely to be distorted towards a stronger Franc
If inflation in Switzerland, as we expect and as the SNB is likely to expect as of Thursday, will fall back into the target area on a sustainable basis, the acceptance of higher EUR/CHF levels amongst SNB members should rise again, with any speculative distortions being reduced again. We assume that this effect is likely to dominate for the time being.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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