The Swiss National Bank (SNB) is not inclined to push rates below 0%, minutes from its December 11 monetary policy meeting show.
Amid continued trade tensions and concerns about the valuation of US tech stocks, annual inflation in Switzerland declined to 0.0% in November. The minutes, published on January 8, show that during last month’s meeting, the bank’s governing board and its alternative members felt this was a result of lower inflation in the hotel industry, residential property rents and
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
by :
Source link
