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Negative interest rate is an "essential tool" – SNB’s Zurbruegg

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - Swiss National Bank (SNB) vice-president, Fritz Zurbruegg was on the wires last minutes, speaking to Corriere del Ticino.

    Key Quotes:

    Negative interest rate is an "essential tool"

    Willingness to intervene in markets is second pillar of SNB policy

    If SNB had delayed giving up its cap on the franc at 1.20 v euro it would increase the cost to the economy

    China and terrorist attacks could damage confidence
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