SNB abandons negative rates

Jordan says Swiss central bank’s use of negative rates was effective

Thomas Jordan
Louis Rafael Rosenthal

The Swiss National Bank brought its key rate into positive territory for the first time since 2015 at its policy meeting today (September 22).

The SNB raised the rate by 75 basis points to 0.5%. This is the SNB’s second consecutive rate increase, after it hiked rates by 50bp in June, which was its first policy tightening since 2007.

The central bank stressed that although inflation is not as high as in other economies, it increased year on year by 3.5% in August – considerably over its 0–2%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.