Chat
01-19-2015, 12:38 AM
This past week, the Swiss National Bank abandoned a key monetary policy that sent shock waves throughout the financial world: http://www.bloomberg.com/news/2015-01-15...-rate.html
This led Forbes to ask the same question I was wondering: http://www.forbes.com/sites/raoulruparel...else-does/ While there are some possibilities discussed, I think we haven't seen the real reason. The Swiss aren't known for their carefree monetary policies so taking such a drastic step means this was felt as the best way to handle whatever's coming.
Lastly, this particular article mentions that India's Reserve Bank also took a drastic step in monetary policy on the same day as the SNB action. That's two banks. Will there be a third, to follow the "3 banks"?
http://www.msn.com/en-us/news/money/swis...ar-AA8crbG
Or will the "3 banks folding" be something else entirely?
This led Forbes to ask the same question I was wondering: http://www.forbes.com/sites/raoulruparel...else-does/ While there are some possibilities discussed, I think we haven't seen the real reason. The Swiss aren't known for their carefree monetary policies so taking such a drastic step means this was felt as the best way to handle whatever's coming.
Lastly, this particular article mentions that India's Reserve Bank also took a drastic step in monetary policy on the same day as the SNB action. That's two banks. Will there be a third, to follow the "3 banks"?
http://www.msn.com/en-us/news/money/swis...ar-AA8crbG
Or will the "3 banks folding" be something else entirely?