Saturday, April 3, 2021

Home Business Monetary policy: National Bank leaves key interest rate at minus 0.75 percent

Monetary policy: National Bank leaves key interest rate at minus 0.75 percent

0
0


The lines of concern among the National Bank’s monetary authorities must be deep: “The corona pandemic continues to have a strong impact on the economy,” they write as the first sentence in the media release on the monetary policy situation in the Corona spring 2021. Only: They can do much more than stick to the expansionary monetary policy National Bank does not do at the moment.

The development of the euro-franc exchange rate has given it some room, but the SNB still writes: “Despite the recent weakening, the franc is still highly valued”. In order to stabilize economic and price developments, the National Bank will continue its expansionary monetary policy unchanged. In concrete terms, this means: the key interest rate will remain at a record low of minus 0.75 percent. If necessary, the SNB will intervene again in the foreign exchange market to weaken the Swiss franc.

Published: 03/25/2021, 9:35 a.m.

Last updated: 25.03.2021, 3 minutes ago





[ source link ]
https://www.blick.ch/wirtschaft/was-heisst-das-fuer-den-schweizer-franken-nationalbank-belaesst-leitzins-bei-rekordtiefen-minus-0-75-prozent-id16420466.html

Monetary policy National Bank leaves key interest rate percent

LEAVE A REPLY

Please enter your comment!
Please enter your name here