SNB’s Schlegel: Negative rates remain a tool, despite being unpopular

SNB Chair Martin Schlegel said today at the World Economic Forum in Davos that with the policy rate currently at 0.50%, “we still have some room” for adjustments. But he ruled out any firm commitment on future rate moves. While negative rates remain an unpopular tool in Switzerland, Schlegel noted that the SNB would reintroduce […]

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