SNB says negative interest rates remain an option
Tweet
Share
E-mail
FILE PHOTO: The headquarters of the Swiss National Bank (SNB) is seen in Bern, Switzerland, January 29, 2025. REUTERS/Denis Balibouse/File Photo
BERN(Reuters) -The Swiss National Bank still has the tools to steer inflation towards its price stability goal even with interest rates at zero, extended governing board member Atillio Zanetti said on Tuesday.
"It's not an obvious step to go into negative rates, but I wouldn't say that we don't want to do that if that's necessary," Zanetti told reporters.
"So negative rates are an option but we are aware that the transmission of monetary policy with negative rates is different than in positive territory," he added.
(Reporting by John Revill)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Landslide death toll rises in China's Gansu Province as heavy rains continue
- WestJet begins flight cancellations ahead of strike
- Thirteen die in tourist plane crash over Peru's Nazca Lines
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
