SNB economist to depart at year-end

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Ulrich Kohli, the chief economist at the Swiss National Bank (SNB), will retire at the end of December 2009.

The Governing Board of the SNB said that it was "with regret" that it had taken note of his decision.

"With the departure of Ulrich Kohli, the SNB is losing an internationally recognised expert on monetary policy and macroeconomics," the central bank said. "His contacts with the authorities participating in the monetary policy decision-making process abroad and with research have been of

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