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Main » 2011 » September » 3 » Restrain the growth of the Swiss franc has become increasingly difficult
23:06 Restrain the growth of the Swiss franc has become increasingly difficult |
 Restrain the growth of the Swiss franc has become increasingly difficult.
For some time, the Swiss National Bank may have believed he had achieved his goal. Substantial
liquidity injections a couple of weeks ago boosted the euro by almost
20% against the Swiss franc as well as reduce the direct pressure on
exporters currency of Switzerland. But everything went wrong again in the last few days. And, taking into account recent developments, the upward pressure on the franc, perhaps this time will be amplified. Firstly, there is a limit to how much the Swiss National Bank may intervene in order to reduce the rate of the franc. The
solution of the Swiss National Bank to carry out injection of liquidity
of about 20 billion francs was made after the bank seems to have
realized that direct intervention in the forex market, like the one he
had at great expense spent a couple of years ago, can achieve
significant results in struggle with the pressure on the market. Therefore,
the bank implemented a liquidity injection to try to further reduce
market rates and make deposits in francs less attractive. However,
money markets of Switzerland just not big enough to cope with such
injections, and when you are done two weeks ago, the central bank again
left the market.
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Views: 1924 |
Added by: Nikola_dv
| Rating: 5.0/1 |
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