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MONEY MATTERS

Endgame for central banks

When they are forced by politicians to switch to survival mode, rules are bent or even broken to fit an agenda of buying more time.

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The Swiss National Bank's (SNB) sudden abandonment of the Swiss franc ceiling had wide consequences last week as we were all taken by surprise.

THE Swiss National Bank's (SNB) sudden abandonment of the Swiss franc ceiling had wide consequences last week as we were all taken by surprise. The fact that it would and should happen eventually was not lost on the market, but the SNB was, as late as last weekend, talking tough and telling the