SNB hesitant to go negative as 0% policy is still ‘expansionary’
Concerns over AI bubble and 0% inflation did not spur governing board to go below zero, minutes show
The Swiss National Bank (SNB) is not inclined to push rates below 0%, minutes from its December 11 monetary policy meeting show.
Amid continued trade tensions and concerns about the valuation of US tech stocks, annual inflation in Switzerland declined to 0.0% in November. The minutes, published on January 8, show that during last month’s meeting, the bank’s governing board and its alternative members felt this was a result of lower inflation in the hotel industry, residential property rents and
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