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> Having low unemployment, high wages, and a strong currency is an enviable situation for a country. Concerning the strong currency, Swiss National Bank disagr

by pif 10y ago

> Having low unemployment, high wages, and a strong currency is an enviable situation for a country. Concerning the strong currency, Swiss National Bank disagrees with you :-) They tried to buy as many euros as possible in order to keep Swiss franc from getting too strong, until they gave up. Ant then Swiss export started to suffer a lot more!

tonfa 10y ago
> until they gave up Wasn't it mostly due to EUR losing ground against USD (due to QE?)? (at which point it didn't make as much sense pegging the currency only against EUR, I wonder why they didn't peg against a mix of currencies). In any case the SNB doesn't seem too concerned now, at least there's no peg anymore.