SNB’s Schlegel: We cannot exclude negative interest rates
Source Fxstreet
“We cannot exclude negative interest rates,” Swiss National Bank (SNB) Chairman Martin Schlegel told Bloomberg TV at the World Economic Forum (WEF) in Davos.
Additional comments
Inflation is well inside our target range and over our forecast cycle.
Not uncomfortable with inflation at present.
Snb doesn't like negative rates but if we have to do it, we will.
Swiss franc is traditionally a safe haven; trade conflicts are not beneficial for Switzerland.
We are ready to make currency market interventions if necessary again.
Another currency cap is not something we are discussing.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
A blockchain investigator discovered a series of dormant XRP wallets linked to Ripple co-founder Chris Larsen, which had over 2.7 billion XRP. These holdings are worth around $7.18 billion. Some of
The Japanese Yen (JPY) drifted lower during the Asian session on Thursday, though it remains close to a multi-month top touched against its American counterpart earlier this week.
Gold price (XAU/USD) trades with a positive bias during the Asian session on Thursday and remains close to a one-week high touched on the previous day, though it lacks follow-through buying.
Gold price (XAU/USD) trades with a positive bias during the Asian session on Thursday and remains close to a one-week high touched on the previous day, though it lacks follow-through buying.
Bitcoin (BTC) extends recovery and trades above $92,000 on Thursday after rallying 5% in the last two days.
Related Instrument
