That could be. Also I think the Swiss don't want too much foreign capital given the problems inherent with borrowing, and the fact that money already doesn't go very far in Switzerland (low ppp).

draoi

Yes, exactly, and that's why I wrote that Switzerland is the safe haven in case the euro collapses again. And, and this is where it gets speculative, I suspect that they are playing the trailblazer in this interest rate cycle so that capital flight is not stimulated so quickly