Skip to content
Subscriber Only
Markets
Economics

Ex-Credit Suisse CEO Calls Negative Interest Rates ‘Crazy’

  • Oswald Gruebel says policy means money is not worth anything
  • Gruebel says Swiss chief at Credit Suisse in future sensible
Oswald Gruebel in 2011.
Oswald Gruebel in 2011.Photographer: Gianluca Colla/Bloomberg

Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.

Oswald Gruebel, who led both of Switzerland’s two biggest banks during his career, criticized negative interest rates and argued they’d lead to a further decline of the country’s financial sector.