01-16-2015, 04:13 PM
Yes, but the ECB is doing the right thing and telegraphed that inflation is on the way for awhile now. Everyone knows what the result of that meeting will be. The Swiss knew this and as late as Monday said they were still pegging the franc to the Euro. Then boom, complete change of policy on Thursday. That is the exact opposite of how a central bank is supposed to behave. That's how you scare the shit out of the market.