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View Full Version : SNB May Have Room for Rate Cuts, Winning Tug-of-War With Market - Bloomberg



NewsWhore
11-05-2008, 04:11 AM
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SNB May Have Room for Rate Cuts, Winning Tug-of-War With Market (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601085%26sid%3Dad5X0MGyO.YQ%26refer%3Deurope&cid=0&ei=7FYRSYe1IpLmyAThgqndBQ&usg=AFQjCNFxwvlUUnTk9TeKBn-URwvGvb5Bpw)
Bloomberg - 11 minutes ago
In response, the SNB started seven-day currency swaps with the ECB. ``It was important for them to satisfy Swiss franc liquidity needs outside their ...


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