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Three years on from currency shock, Swiss central bank can't get back to normal

The abrupt decision by the Swiss National Bank to scrap the franc's peg to the euro on Jan 15, 2015, means it still has credibility issues with financial markets.


THREE years after the Swiss National Bank shocked currency markets by scrapping the franc's peg to the euro, it faces the toughest task of any major central bank in normalising ultra-loose monetary policy.

If it raises rates, the Swiss franc strengthens. If it sells off its...

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