SNB says negative interest rates remain an option

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

• WestJet flight attendants go on strike after talks fall through
• Trump says he will hold off on fresh Iran attack in hope of quick deal
• Exclusive-Japan to announce Tokyo, Washington took joint action on yen, sources say