The Swiss National Bank (SNB) has surprised markets by introducing negative interest rates, and has reiterated that it will continue to defend the 1.20 EUR/CHF floor with the “utmost determination”. This follows a long period of time where the exchange rate has threatened to dip below the floor multiple times.
http://www.dailyfx.com/forex/market_alert/2014/12/18/Swiss-Franc-Plummets-After-SNB-Introduces-Negative-Interest-Rates.html
It really is disgusting that the governments are so happ to screw over the little guy at every step. Why should Switzerland be pegged to the euro and why should it have a negative interest rate when it is fairly prosperous at the moment? So a few at the top can keep making money... Great. http://www.dailyfx.com/forex/market_alert/2014/12/18/Swiss-Franc-Plummets-After-SNB-Introduces-Negative-Interest-Rates.html
