SNB Will Go Negative If Needed, But Bar Is High, Schlegel Says

A reintroduction of negative interest rates faces serious hurdles, though the Swiss National Bank would still be willing to embrace them should that become necessary, according to the institution’s president.

“The bar is high” for subzero borrowing costs, but “we are ready to go negative again” if a threat to mid-term price stability emerges, Martin Schlegel said in Zurich.