IMF’S LAGARDE: ‘ RESERVES JUDGEMENT ON PERTINENCE ON SWISS CURRENCY MOVE AS IT CAME AS A BIT OF A SURPRISE ‘

#AceFinanceNews – Jan.15: International Monetary Fund Managing Director Christine Lagarde said the Swiss central bank’s Thursday announcement that it would remove a 3-year-old cap of 1.20 francs per euro was "a bit of a surprise."

Lagarde, who spoke with CNBC on Thursday from the organization’s headquarters in Washington, D.C., 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.

She said she would "reserve judgement on the pertinence of the move" until she discusses it further with Jordan.

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