Swiss National Bank introduces negative rates
Jordan: SNB prepared to launch further measures if necessary
The Swiss National Bank (SNB) introduced negative interest rates today, after seeing renewed pressure on the Swiss franc as a result of the Russian crisis.
The SNB will impose an interest rate of -0.25% to the 'sight deposits' held at the central bank – the term for bank holdings where the entire balance can be easily accessed.
Each account holder will, however, be granted an "exemption threshold" of at least Sfr10 million ($10.3 million). For banks subject to minimum reserve requirements, this
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