SNB’s Maechler: We’re considering “anything” necessary to protect Swiss economy

The Swiss National Bank continues to discuss the need for additional measures to help the economy overcome the biggest downturn in decades, including a further reduction in the negative interest rate burden for banks, Governing Board Member Andrea Maechler said in an interview with CNNMoney’s Hannah Wise. While she said the SNB isn’t ruling out an asset purchase program like the one undertaken by the European Central Bank to spur lending in the euro area, she added that Switzerland has managed to avoid a credit crunch so far and “that’s really important.” Earlier Thursday, the SNB left its key rate unchanged but cut its inflation outlook and said it would keep its policy ultra-loose for “some time” after substantial currency interventions during the coronavirus-induced market turmoil.

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

© 2020 CNNMoney Switzerland SA. All Rights Reserved. Terms under which this service is provided to you.

To Top