Tag Archives: FX interventions

Local press is reporting that RBI Governor Rajan does not want to serve another term The incoming Philippine government is signaling looser fiscal policies ahead Polish President Duda’s team of experts may present several plans for consideration A second cabinet minister in Brazil was forced to resign Colombia eliminated its FX intervention program The IMF boosted Mexico’s Flexible Credit Line (FCL) from $67 bln to $88 bln Equities In the EM equity space, China (+4.1%), Brazil...

We examine the SNB monetary assessment statement of March 17 and the Swiss economy. We explain why negative rates may be a “toothless measure” if a central bank wants to weaken a currency. They have rather an inexpected consequence, they slow down GDP growth, in particular for banks and pension funds. The following are the extracts from the monetary policy assessment of Swiss National Bank,  17 March 2016, and my comments.All SNB statements appear in quotes, my comments without quotes....