From: Ehud Barak < > Sent: Thursday, January 15, 2015 1:56 PM To: Epstein Jeffrey Subject: Bloomberg: SNB Unexpectedly Scraps Cap on Franc in Reversal of Key Policy Jeff I need you to explain t=is to me. Best E8 From Bloomberg, Jan=15, 2015, 14:19:26 <http://bloom.bg/156Fbtm> Jan. 15 -- Jane Foley, senior foreign exchange strategist at Rabobank= discusses the surprise move by the Swiss National Bank to end the minimum e=change rate and lower the interest rate to -0.75 percent. She speaks on 40=80*Bloomberg Surveillance." The Swiss National Bank (=NBN) <http://www.bloomberg.com/quote/SNBN:SW> scrapped its minimum exchange rate today, abandoning a tool policy=makers said just days ago was necessary to ward off deflation. To re=d the entire article, go to http://bloo=.bg/156IqSw <http://bloom.bg/156IqSw> Sent from the Bloomberg iPhone application. Download=the free application at http://itunes.apple.com/us/app/bloomberg/id281941097?mt=3D8 <http://itunes.apple.com/us/app/bloomberg=id281941097?mt=8> Sent from my iPhone 1 EFTA_R1_01350775 EFTA02360298