SNB Intervention Worked And We Can Do it Again, Schlegel Says

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SNB Intervention Worked And We Can Do it Again, Schlegel Says

The Swiss National Bank’s actions in the currency market were previously successful and officials won’t shirk from resorting to that tool again if needed, according to President Martin Schlegel.

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In December, the institution cut its key interest rate by the most in more than a decade.

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SNB's Schlegel: Negative rates remain a tool, despite being unpopular - Action Forex

SNB Chair Martin Schlegel said today at the World Economic Forum in Davos that with the policy rate currently at 0.50%, “we still have some room” for adjustments. But he ruled out any firm commitment on future rate moves. While negative rates remain an unpopular tool in Switzerland, Schlegel noted that the SNB would reintroduce […] The post SNB’s Schlegel: Negative rates remain a tool, despite being unpopular appeared first on Action Forex.

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Martin Schlegel has been head of the National Bank for a few months. In Davos, he talks to CH Media about his new job, risks in the real estate market and the lessons learned from the collapse of Credit Suisse.

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A return to negative interest rates in Switzerland is not ruled out by the President of the Swiss National Bank (SNB), Martin Schlegel.

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Swiss National Bank can cut rates further or go negative, chairman says

"At the moment we are at 0.5%," Schlegel told Reuters at the World Economic Forum in Davos, Switzerland. "This means that we still have some room