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Switzerland

World news about “Switzerland” published by euronews.

18/12 13:41 CET

Swiss introduce negative interest to keep the safe-haven franc from rising higher

Swiss introduce negative interest to keep the safe-haven franc from rising higher

The Swiss National Bank has announced a negative interest rate for the first time since the 1970s. In a surprise statement, the SNB said it would impose an interest rate of -0.25 percent on more than 10 million Swiss francs in commercial bank deposits from January 22, when the…