SNB steps towards exit
The Swiss National Bank (SNB) on Thursday said it would stop buying Swiss-franc denominated corporate debt.
The announcement, made as part of the central bank's quarterly monetary policy assessment, was unexpected. But commentators warned against reading too much into the move. "That the bond purchase programme was discontinued was perhaps slightly surprising, but should not be over-interpreted," said Kasper Kirkegaard, an analyst at Danske Bank. "Total purchases have only amounted to about Sfr3
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