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Analysis: Swiss 'real money' fallout would ripple across markets

Reuters  |  LONDON 

By Saikat Chatterjee and Sujata RaoLONDON (Reuters) - The Swiss central bank (SNB) has built up a $750 billion war chest after years of currency interventions but a referendum to limit money creation, if passed, could end such operations and have repercussions far beyond Switzerland's borders.The Vollgeld initiative, which would strip commercial banks of the power to create new money through lending, is being put to a popular vote this weekend.Just a third of voters appear to back the plan, but the recent patchy record of opinion polls worldwide has fuelled concerns of a shock result, and ...

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First Published: Fri, June 08 2018. 19:34 IST