Bank Sarasin: Swiss franc is under control
The ever-present threat of further intervention from the Swiss National Bank (SNB) will prevent the Swiss franc from appreciating any time soon, according to Bank Sarasin's chief economist.
"Our view has always been that the SNB will not raise its threshold unless it has a continuation of the recession and a worsening of deflationary threats in Switzerland. This usually means that people would be speculating on the rise of this threshold, inverting the safe-haven mechanism," says Jan Amrit Poser
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