Tag Archives: Negative interest Switzerland

Normally, those who borrow must pay out more money than they are lent in the form of interest and repayments. Currently, for the Swiss government it is the other way around. Lenders are paying the Swiss federal government to give it money. © Valeriya Luzina | Dreamstime.comOn 14 July 2021, the Swiss Confederation announced the success of its latest issue of government bonds. The government recently issued bonds with a face value of CHF 934 million in return for CHF 1,078 million, netting...

20 Minutes. Because of negative interest, even a savings account earning 0% interest is earning too much reckons the bank’s boss. Source: Facebook Migros Bank Soon many banks will be passing on some of the cost of negative interest to their clients, reports 20 Minutes. Migros Bank will need to seriously consider doing the same in 2017. The bank’s boss Harald Nedwed told the NZZ am Sonntag that the situation is difficult for all Swiss banks reliant on interest margins. Savings accounts earning...

20 Minutes. Because of negative interest, even a savings account earning 0% interest is earning too much reckons the bank’s boss. Source: Facebook Migros Bank Soon many banks will be passing on some of the cost of negative interest to their clients, reports 20 Minutes. Migros Bank will need to seriously consider doing the same in 2017. The bank’s boss Harald Nedwed told the NZZ am Sonntag that the situation is difficult for all Swiss banks reliant on interest margins. Savings accounts earning...

Investec Switzerland. The Swiss National Bank, which has the lowest interest rate among the world’s major central banks, may be done cutting. © Valeriya Potapova | Dreamstime.com SNB President Thomas Jordan and his fellow policy makers will keep the deposit rate unchanged at minus 0.75 percent until at least the end of the first quarter of 2019, according to the median forecast in Bloomberg’s monthly survey of economists. That would mean ignoring the International Monetary...

Switzerland’s budget for 2016 is looking better than expected. Instead of a shortfall of CHF 0.5 billion, the latest figures forecast a surplus of CHF 1.7 billion. © Zestmarina | Dreamstime.com Overall income was up CHF 1.2 billion and costs were down CHF 1.0 billion. This CHF 2.2 billion shift took the annual forecast from CHF -0.5 billion to CHF 1.7 billion. The biggest driver of the change was the effect of negative interest rates. Since last year the Swiss government has been issuing...

Investec Switzerland. The Swiss National Bank won’t rule out another interest rate cut, though any measure must be weighed with a view to its potential side effects, Governing Board Member Andrea Maechler said. © Yulan | Dreamstime.com “We’re always looking into other options, if needed — we’re looking into all of them,” Maechler said at an event for financial professionals in Zurich on Thursday. “We’re not excluding any of them, including a possible further reduction in...