Thursday, Dec 11, 2008
spreads like a virus all because of a housing boom!!! They said it would never happen!!
bloomberg: Swiss Central Bank Cuts Rate to 0.5%, Recession Looms
The Swiss central bank cut its interest rate to a four-year low of 0.5 percent and said further measures are possible as the economy faces a recession that may be the worst since 1982.
Posted by mark @ 11:55 AM (427 views) Add Comment
3 Comments
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1. mark wadsworth said...
Whither the Swiss Frank?
I did a chart of CHF against a basket of other currencies since 1990 recently (see end of this post). It's now at the very top of its trading range for the past 18 years, and with interest rates like that, I don't see much point in piling in.
2. str 2007 said...
Cheers mark
How about buying Swiss watches with Euros - just a thought !
3. holding out said...
Mark, Don't know where you got your stats from but you haven't got it for NZD as well have you ?