SNB's Maechler Says Further Rate Cut Possible Despite Risks
- Central bank's negative deposit rate combats overvalued franc
- Governing Board member Andrea Maechler speaks in Zurich
Andrea Maechler
Photographer: Michele Limina/BloombergThis article is for subscribers only.
The Swiss National Bank won’t rule out another interest rate cut, though any measure must be weighed with a view to its potential side effects, Governing Board Member Andrea Maechler said.
“We’re always looking into other options, if needed -- we’re looking into all of them,” Maechler said at an event for financial professionals in Zurich on Thursday. “We’re not excluding any of them, including a possible further reduction in the interest rate.”