If he gave a few people some early Xmas presents with the depo rate cut he’s now definitely off any Xmas card lists for the future
I’m guessing he knows any defence is now futile in the wake of ECB QE next week but his/their reputation has taken a very big knock surely, or is it just common sense prevailing ?
SNB press release.15 Jan
Full SNB press release here
I’ve had my misgivings about the SNB and being long EURCHF but I didn’t see this coming
Jordan – press conference due at 12.15 GMT and the man’s got a lot of explaining to do
