Swiss Economicblogs.org
We examine the SNB monetary assessment statement of March 17 and the Swiss economy. We explain why negative rates may be a “toothless measure” if a central bank wants to weaken a currency. They have rather an inexpected consequence, they slow down GDP growth, in particular for banks and pension funds. The following are the extracts from the monetary policy assessment of Swiss National Bank, 17 March 2016, and my comments.All SNB statements appear in quotes, my comments without quotes....
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