SWISS NATIONAL BANK GOVERNOR: NEGATIVE INTEREST RATE RETURN CANNOT BE RULED OUT

SWISS NATIONAL BANK GOVERNOR: NEGATIVE INTEREST RATE RETURN CANNOT BE RULED OUT
SWISS NATIONAL BANK GOVERNOR: NEGATIVE INTEREST RATE RETURN CANNOT BE RULED OUT

The Swiss National Bank (SNB) Governor, Martin Schlegel, spoke at the World Economic Forum in Davos.

He said inflation in Switzerland is under control and within the bank’s target.

Schlegel is not worried about inflation right now.

However, he said the bank might use negative interest rates in the future if needed.

The SNB is ready to take action to keep the economy stable.