Five Charts Show Switzerland's Policy Pickle If ECB Acts
- Swiss policy makers say franc still significantly overvalued
- ECB weighing further policy easing, decision due Dec. 3
Downtown Zurich, Switzerland.
Photographer: Alessandro Della Bella/BloombergThis article is for subscribers only.
Thomas Jordan will be keeping a watchful eye on the goings-on in Frankfurt this week.
If the European Central Bank cuts its deposit rate as part of Mario Draghi’s new stimulus push and the euro weakens, the Swiss National Bank president might have to respond to keep the franc in check.