- SNB not needed to intervene since Sept 2012
- not ruling out negative interest rates to avoid deflation
72 pips from the 1.2000 cap. Is he really so sure it’s that credible ?
If it’s held this long then maybe it is, but is he wise to crow about not having to intervene when we are so close ?
SNB – will they, won’t they?
I’m just thinking that it’s all a little too comfortable right now. What do you think out there in readerland? Hoping his jawboning does the trick ? Or, like me, do you want to see the markets take them on ?