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SNB minutes rule out fears of inflation remaining persistently negative
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The SNB left its monetary policy unchanged in September, despite depressed economic prospects, because the loosenings that have taken place so far are still taking effect.
·Zürich, Switzerland
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SNB minutes rule out fears of inflation remaining persistently negative
The latest minutes from the Swiss National Bank’s (SNB) September monetary policy meeting express that interest rates won’t fall into negative territory as inflationary pressures in the economy are not expected to become persistently negative.
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