The Swiss Central Bank (SNB) decided to finish the exchange restriction that impeded the growth of the Swiss currency. SNB had further reduced interest rates on deposits in 0.75%. From the moment of the published, the Swiss franc rose and broke the previous limit. Having equalized with the euro continued growing and goes through 1.10 euro for one franc. In addition, the franc has growth against the euro and has risen in relation to all regional currencies. Like the dollar which rose 18%. SNB resists the pressure to leave the limit of the exchange rate against the euro and Swiss currency. Investors considered financial crisis a safe-haven investment, and that is why Switzerland’s economy is highly export-oriented. The SNB is afraid that strong franc could restrict economic growth.
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