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ECB policy is of utmost interest to Switzerland - SNB’s Jordan

Swiss National Bank (SNHB) chief, while speaking in Frankfurt, said the European Central Bank (ECB) monetary policy is of utmost interest to Switzerland.

Key Quotes

Fear of negative rates causes flight to safety

CHF remains considerably overvalued

SNB is prepared to intervene in FX markets if needed

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BOE’s Carney assured lawmakers that the bank has been engaged in drawing out contingency plans in case Britain decides to exit EU.
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Turkey Manufacturing Confidence increased to 104.5 in February from previous 103.3

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