Swiss central bank launches unlimited refinancing facility
SNB asks federal government to reduce countercyclical buffer to 0%
The Swiss National Bank unveiled an unlimited refinancing facility on March 25 to increase the banking sector’s liquidity as a buffer to the coronavirus’s economic impact.
The SNB’s move came as the Swiss federal government and the Financial Market Supervisory Authority (Finma) also introduced crisis response measures.
The central bank’s Covid-19 refinancing facility (CRF) became available today (March 26). It aims at “strengthening the supply of credit to the Swiss economy by providing the
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