Swiss National Bank Rules Out Return to Negative Interest Rates
President of the Swiss National Bank noted that conditions for reinstating negative rates remain highly restrictive, according to media reports.
Summary
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Terms & Concepts
Negative Interest Rates: A monetary policy tool where central banks set nominal target interest rates below zero, effectively charging banks for holding excess reserves.
Swiss National Bank (SNB): The central bank of Switzerland, responsible for the country’s monetary policy and maintaining financial stability.