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SNB chairman Schlegel: We do not like negative interest rates

SNB chairman Schlegel: We do not like negative interest rates

Central Banks
Justin Low
12/12/2024 | 09:45 GMT
  • Schlegel is making it clear that they're not ready to return to the NIRP proposition at this stage
SNB
  • The likelihood of negative interest rates has become small
  • If required, we will adjust rates at the March meeting

Well, maybe not quite NIRP but they're pretty much just a couple of steps away from ZIRP at the very least.

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