Switzerland Defends Franc With Cash Reserve Boost
Aug. 7 (Bloomberg) -- Bloomberg's Sara Eisen reports that the Swiss central bank’s foreign-currency reserves surged to a record in July as the euro region’s increasing turmoil forced policy makers to step up their defense of the franc ceiling. Switzerland’s cash pile swelled 11.3 percent in the month, pushing holdings to 71 percent of gross domestic product. She speaks on Bloomberg Television's "In The Loop."
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Pimco's Kiesel: Fed Moves Zero or One Time This Year
10:40 - Mark Kiesel, chief investment officer of global credit at Pimco, discusses expectations for further rate cuts this year by the Federal Reserve and looks at post-Brexit credit markets. He speaks on "Bloomberg Markets." (Source: Bloomberg)