Speaking at the World Economic Forum in Davos, Martin Senn, CEO of Zurich Insurance Group, says the Swiss National Bank's move to end the Swiss franc's euro peg was a "surprise" to the world.» Read More
Back on this week, the World Economic Forum in Davos is as big as ever with lofty ambitions to match.
Switzerland’s scrapping of its currency cap could knock Swiss bank earnings by 10-15 percent, but financial firms in nearby countries may be worse hit.
Is gold still a safe haven? Mark O'Byrne, executive and research director at GoldCore, seems to think so, saying that the Swiss National Bank's recent decision was the "icing on the cake" to show how gold thrives in a volatile environment.
Switzerland's stock market dived after its central bank de-pegged its currency from the euro, but it's not time to bargain hunt yet, analysts said.
Michael Gallagher, director of research at IDEAGlobal, says the Swiss National Bank will be comfortable with a euro/Swiss franc level of 1.10 euros and will intervene in the foreign exchange market to push the currency to that level.
Stefan Ingves, Governor of Sveriges Riksbank, the Central Bank of Sweden, describes the bank's interest rate policy for the year ahead.
Tim Massad, Chairman of the Commodity Futures Trading Commission, says the move taken by the Swiss National Bank last week was extremely unusual.
Sean Callow, Senior Currency Strategist at Westpac Bank, explains why the Swiss National Bank chose not to give markets a hint before announcing the removal of the currency cap.
Dennis Gartman, along with Deutsche Bank's David Bianco, talk about who is hurt by the Swiss central bank's move.
Discussing the recent SNB decision, Brent Jaciow, chief investment officer at Pilotage Private Wealth says he was initially "shocked," however this could be a "signal" that "QE is coming."
Scott Shellady, CEO of Bull Reef Brokerage at TJM Investments, says that central banks are "not in cahoots" anymore, and that they expect the U.S. to be their "saviour."
Phyllis Papadavid, senior global FX strategist at BNP Paribas, says, "it's not clear if we've reached an equilibrium yet" on the Swiss franc, but that the European Central Bank's upcoming decision will be very important.
What can we expect from Swiss companies now? Robert Waldschmidt, analyst of consumer goods at Liberum, says that pricing decisions will be "critical" for businesses like Nestle and Swatch.
The Swiss National Bank's move has destroyed its credibility, according to Anatole Kaletsky, co-founder and chief economist at Gavekal Dragonomics. He said the next move of the ECB's Mario Draghi will be critical, as people do not trust central bankers anymore.
The Swiss National Bank's surprise decision has impacted Eastern Europe -- and Poland and Austria especially -- says Timothy Ash, head of EM research at Standard Bank.
Jonathan Webb, head of FX strategy at Jefferies Bache, describes the Swiss National Bank's decision to drop its currency peg as extremely unprecedented.
The move by the Swiss on its currency is proof that something noisy happens when "meddling" by central banks ends, Jim Grant told CNBC.
European equities rallied after a volatile session of trade on Thursday to close sharply higher, following action from the Swiss National Bank.
The Swiss National Bank's latest decision comes at a "curious" time, just as the European Central Bank has its first meeting of the year where it's expected to announce a bond-buying scheme. Peter Rosenstreich, chief FX analyst at Swissquote Bank discusses the Swiss Franc currency.
The job of a central bank is to "lead you into battle" and then "change their plans," says Sebastien Galy, senior currency strategist at Societe Generale.