Swiss National Bank Warns Against Return to Negative Rates

SNB President Martin Schlegel emphasizes high threshold for reintroducing negative interest rates despite economic pressures

Key Takeaways

The Swiss National Bank (SNB) has set a high threshold for reintroducing negative interest rates.
The current SNB key interest rate sits at 0%.
The next monetary policy decision is scheduled for September 25.
The Swiss Franc has primarily appreciated against the US Dollar.

By The Numbers

Current Key Interest Rate

September 25

Next Decision Date

They Said

"The hurdle to reintroducing it is high."
— Martin Schlegel, SNB President

"In monetary policy, you can’t wait and see when a decision is necessary. Otherwise you have to take stronger countermeasures later."
— Martin Schlegel, SNB President

The High Hurdle: Resisting the Negative Rate Trap

Currency Wars: The Franc's Relentless Rise

No Time to Hesitate: The Preemptive Strike Strategy

Collateral Damage: Shielding Savers and Pensions

Sources & References

SNB head warns of side effects of negative interest rates

SWI swissinfo.ch

Key Takeaways

The Swiss National Bank (SNB) has set a high threshold for reintroducing negative interest rates.
The current SNB key interest rate sits at 0%.
The next monetary policy decision is scheduled for September 25.
The Swiss Franc has primarily appreciated against the US Dollar.

By The Numbers

Current Key Interest Rate

September 25

Next Decision Date

They Said

"The hurdle to reintroducing it is high."
— Martin Schlegel, SNB President

"In monetary policy, you can’t wait and see when a decision is necessary. Otherwise you have to take stronger countermeasures later."
— Martin Schlegel, SNB President

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