IMF out with latest note on Switzerland 26 March
- IMF backs SNB negative rates and intervention policy
- Swiss economic upturn to continue further
- strengthening global economy to energise Swiss economy
- domestic outlook doesn't necessitate near-term SNB tightening
- SNB accommodative policy exit won't return tools to pre-crisis
There you have it then. Official IMF approval for CB currency manipulation it appears. What have you got to say about that G20?
USDCHF still trawling around session lows at 0.9460 but underpinned still and EURUCHF backl on session highs. I wonder who could be providing support ? !!
SNB's Jordan gets nod of approval from the IMF
