Swiss National Bank to Reduce Zero Interest Rates on Sight Deposits

Policy adjustment from November aims to boost market liquidity by limiting zero interest rate application on sight deposits.

Summary

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Terms & Concepts
  • Sight Deposits: Funds held in accounts that can be withdrawn immediately without prior notice, often used by banks and central banks for liquidity management.
  • Zero Interest Rate Policy: A monetary policy stance where interest rates are set at or close to zero to stimulate economic activity.
  • Market Liquidity: The ease with which assets can be bought or sold in the market without affecting their price.