Hungary and Poland resilient to SNB action
The market overreacted, strategists say
The Swiss National Bank's (SNB) decision to remove the EUR/CHF 1.20 exchange rate floor will not yield any major effects on neighbouring central European countries such as Hungary and Poland, foreign exchange strategists say.
Volatility in 2009, when the Swiss franc spiked sharply, had a dramatic impact on borrowers who had low interest loans denominated in the currency and were unable to service their debts. However, measures had already been taken to address the situation, especially in
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