wasn't a complete surprise? err
Bloomie: http://www.bloomberg.com/news/2015-...ives-up-cap-on-franc-lowers-deposit-rate.html
http://www.bloomberg.com/news/2015-...ives-up-cap-on-franc-lowers-deposit-rate.html
"Not one of 22 economists surveyed by Bloomberg News between Jan. 9 and Jan. 14 expected the SNB to get rid of its cap in 2015. Only four saw it abandoning the measures next year."
"SNB Vice President Jean-Pierre Danthine said in comments broadcast Jan. 13 that the 1.20 ceiling would remain a “pillar” of monetary policy,"
Bloomie: http://www.bloomberg.com/news/2015-...ives-up-cap-on-franc-lowers-deposit-rate.html
http://www.bloomberg.com/news/2015-...ives-up-cap-on-franc-lowers-deposit-rate.html
"Not one of 22 economists surveyed by Bloomberg News between Jan. 9 and Jan. 14 expected the SNB to get rid of its cap in 2015. Only four saw it abandoning the measures next year."
"SNB Vice President Jean-Pierre Danthine said in comments broadcast Jan. 13 that the 1.20 ceiling would remain a “pillar” of monetary policy,"