Swiss Nationwide Financial institution President Martin Schlegel speaks to Bloomberg Tv in Bern shortly after the central financial institution delivered a bigger-than-expected half-point reduce in borrowing prices. Schlegel stated the SNB doesn’t like detrimental rates of interest however will use them once more if wanted to stem hypothesis within the franc. Whereas he didn’t need to be drawn on the SNB’s subsequent steps, the central financial institution president stated that policymakers may be nimble and meet between their quarterly determination schedule if wanted.
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