Swiss National Bank mulls negative rates to follow ECB
The Swiss National Bank (SNB) held monetary policy steady today, but hinted at the possibility of introducing negative interest rates to match the ECB's latest move, potentially to be coupled with further macro-prudential measures.
Officials at the SNB have been suggesting the central bank is ‘operationally ready' to introduce negative interest rates for the past few months.
The SNB conducts monetary policy by steering interest rates in the Swiss franc money market, and today reaffirmed its
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