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Likely impact on Swiss economy of abandoned currency cap, assuming currency remains high?
Tourism and exporters will suffer.
Companies with high costs that they can't move out of Switzerland (healthcare, banking) will suffer.
But Swiss central bank
believed
they would have had to abandon the peg anyway once the ECB started
QE
.
2189
What was Switzerland’s currency cap? (Jan 17, 2015)
Why is US inflation so low at the moment? →
← Why did Switzerland ditch their currency cap?
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