Business & Finance
SNB Must Stay Nimble for Hike or Cut to Negative Rate, IMF Says
Key Points
Central Banks SNB Must Stay Nimble for Hike or Cut to Negative Rate, IMF Says The Swiss National Bank must stay ready to either raise or cut interest rates if economic circumstances require it, the International Monetary Fund said. In its annual assessment of the country, the Washington-based fund said that central-bank officials should stay nimble if the situation requires a change in settings. That would mean either making the level of borrowing costs positive, or else negative,...
Central Banks
SNB Must Stay Nimble for Hike or Cut to Negative Rate, IMF Says
The Swiss National Bank must stay ready to either raise or cut interest rates if economic circumstances require it, the International Monetary Fund said.
In its annual assessment of the country, the Washington-based fund said that central-bank officials should stay nimble if the situation requires a change in settings. That would mean either making the level of borrowing costs positive, or else negative, considering that the the SNB is currently at the lower bound of zero.