SNB could reintroduce negative rates – Schlegel
Bank sets higher bar for going below zero, but chair says it will act if price stability is at risk
The Swiss National Bank (SNB) could take its key rate below 0%, the chair of its governing board has said, though the threshold for doing so remains higher than would be the case for a cut in positive territory. In an interview with Swiss publication Handelszeitung, published on November 6, Martin Schlegel made it clear that the central bank would resort to negative interest rates if price stability were threatened in the medium term. “We would not hesitate to reintroduce negative interest rates
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