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View Full Version : Franc Retreats From Records After Unexpected Rate Cut to Near Zero by SNB - Bloomberg



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08-03-2011, 05:30 AM
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Franc Retreats From Records After Unexpected Rate Cut to Near Zero by SNB (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFBZQZHAe-hSuh01sjcUjbGZ0OACA&url=http://www.bloomberg.com/news/2011-08-03/franc-retreats-from-records-after-unexpected-rate-cut-to-near-zero-by-snb.html)
Bloomberg
(Source: Bloomberg) The Swiss central bank unexpectedly cut interest rates and said it will increase the supply of francs to money markets in an effort to stem a surge in the “massively overvalued” currency. The Swiss National Bank said it has lowered ...

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