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Swiss Rates Can Be Lowered Further, SNB's President Says
The Swiss National Bank can lower its subzero interest rates even further, President Thomas Jordan told newspaper Blick. In the interview, Jordan affirmed the ongoing need for a deposit rate of minus 0.75 percent plus a pledge to intervene in currency markets, if necessary, adding the franc remains highly valued. The SNB had the tools to act, he said, should economic conditions deteriorate. “We always have the possibility of lowering rates further. We have already gone quite far, but still we’ve got the necessary room to maneuver,” he was quoted as saying in comments published in Saturday’s Blick. “And we ... (full story)
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- Apr 21, 2019 4:17am Apr 21, 2019 4:17am
- atillaken
- Joined Sep 2018 | Status: Member | 283 Comments | Online Now
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- Apr 21, 2019 8:14am Apr 21, 2019 8:14am
- Cryptomasked
- | Joined Apr 2019 | Status: Junior Member | 2 Comments
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- Apr 21, 2019 9:54am Apr 21, 2019 9:54am
- gold2011
- | Joined Nov 2011 | Status: Full-time Member | 100 Comments
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- Apr 21, 2019 4:38pm Apr 21, 2019 4:38pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
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- Apr 21, 2019 7:52pm Apr 21, 2019 7:52pm
- Aussi
- Joined Sep 2013 | Status: Member | 4049 Comments
ITS ABOUT THE CASH NOTHING ELSE.