Central Banks
SNB Won’t Avoid Intervention Because of Trump, Schlegel Says
- Central bank chief speaks to Bloomberg Television in Davos
- Swiss central bank had cut interest rate to 0.5% last month
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The Swiss National Bank’s actions in the currency market were previously successful and officials won’t shirk from resorting to that tool again if needed, according to President Martin Schlegel.
Switzerland’s central bank chief, speaking to Bloomberg Television in Davos on Wednesday, also reiterated his position that policymakers will also return borrowing costs to below zero again if circumstances require it.