The Traderszone Network

Published in TZ Latest News 8 March, 2015 by The TZ Newswire Staff

SNB considering higher negative interest rates: Schweiz am Sonntag

The Swiss National Bank, battling a rise in the country’s currency, could push interest rates further into negative territory if the franc moves in the “wrong direction”, a Swiss newspaper reported on Sunday, citing sources close to the bank. Citing sources close to the SNB, Schweiz am Sonntag said “a rate of minus 1.5 percent is being considered”. A spokeswoman for the SNB declined to comment on the story.

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