SNB May Need to Raise Rates to Cool Housing Market: OECD
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Switzerland’s central bank may have to raise interest rates to help control the country’s booming property market, the Organization for Economic Cooperation and Development said.
“In view of robust mortgage lending increases combined with price tensions in some parts of the housing market, the Swiss National Bank may have to raise rates,” the OECD said in its economic outlook, published today, without giving a time frame. “With inflation set to remain very low, zero policy rates are appropriate throughout the projection horizon.”