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SNB Sees No Signs of a Credit Crunch
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SNB sees no signs of a credit crunch
The Swiss credit market has proven resilient, according to the Swiss National Bank (SNB), even after the collapse of Credit Suisse. At the same time, the central bank is confirming its growth forecasts for the Swiss economy. Inflation, however, has risen sharply recently.
According to the Swiss National Bank (SNB), the Swiss credit market has proved to be resilient even after the fall of Credit Suisse. At the same time, the SNB confirms its growth forecasts for the Swiss economy. However, inflation has recently increased significantly.
SNB President Barbara Janom Steiner and SNB CEO Martin Schlegel met with the Federal Council on Wednesday for an annual debate on financial stability issues.
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