SNB will keep EUR/CHF floor in 2013 says Julius Baer as it has no other options available. "With the franc still over valued, the Swiss economy at risk and inflation non-existent, the SNB will probably stick to its current policy through the whole of next year," says chief economist Janwillem Acket. "Today's decision was no surprise, and we see no reason to change its stance for the foreseeable future," he adds.
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