IMF’s Lagarde: Swiss Move ‘a bit of a surprise’

International Monetary Fund chief Christine Lagarde said Thursday the Swiss central bank’s announcement that it would remove a 3-year-old cap of 1.20 francs per euro was “a bit of a surprise.”

The IMF managing director, who spoke with CNBC from the organization’s headquarters in Washington, said she had not been warned about the move ahead of time, which she found “a bit surprising.”

Still, she said it was possible that Thomas Jordan, chairman of the Swiss National Bank’s governing board, may have reached out to someone else at the IMF.


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