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The SNB and the Swiss franc: was it really a shock?

39 days ago (10 Jan 2020)  |  

The discontinuation of the Swiss franc/euro minimum exchange rate policy by the Swiss National Bank (SNB) in January 2015 prompted analysts to suggest it was the root cause of the deflationary period that followed. In this issue of Infocus, GianLuigi Mandruzzato examines whether such criticisms are founded.


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