Bankers Who Pioneered Negative Retail Rates Hit a Milestone swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
FOR millennia, interest rates have been the primary tool for setting the price of money. They have determined how medieval kingdoms financed faraway conquests and modern nations fought wars.
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
(Bloomberg) The Swiss National Bank should raise its inflation target and consider using its exchange rate rather than its benchmark interest rate as its main tool, according to a group of economists. While the proposal on price growth would bring the SNB more in line with international counterparts, the suggestion on how to manage the franc would be more controversial. Switzerland is already designated as a currency manipulator by the U.S. Stefan Gerlach, former deputy governor of the Irish central bank now at EFG International AG, Yvan Lengwiler of the University of Basel and Charles Wyplosz, honorary professor at Geneva’s Graduate Institute addressed the issue of persistently weak price growth in Switzerland, despite negative interest rates since 2015. “A revision of the strategy is needed now,” they wrote in a paper published Wednesday. “We recommend that the SNB should commit to a more precise and slightly higher inflation goal, and it should clarify the role of the exch
Corona-Pandemie erhöht Druck auf die SNB finews.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finews.ch Daily Mail and Mail on Sunday newspapers.