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.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.