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[K Wave]

EURCHF getting an initial pop on this news, but IF the peg doesn't hold after this....

Just something to monitor over coming days.....

http://www.bloomberg...ff-inflows.html

Switzerland imposed its first negative deposit rate since the 1970s and threatened further action to stem a tide of money flowing from Russia’s financial crisis.

Swiss National Bank President Thomas Jordan cited the Russian turmoil as a “major contributory factor” for the decision to introduce a charge of 0.25 percent on sight deposits, the cash-like holdings of commercial banks at the central bank. The SNB also lowered its target range for the three-month Libor in an attempt to push the rate below zero. It fell to minus 0.046 percent today.