Brought to you by Investec Switzerland. It’s a sign the world is getting used to negative interest rates when what once seemed bizarre starts looking like the norm. Consider Switzerland, where more and more companies are taking out insurance policies to protect their cash hoards from theft or damage. “Because of the low interest rate […]
SNB could increase scope of negative interest rates
Brought to you by Investec Switzerland. The Swiss National Bank could reduce the amount of leeway it grants banks on its negative deposit rate in a bid to prevent an already “significantly overvalued” franc from strengthening, President Thomas Jordan said. Still, reducing the threshold — currently 20 times an institution’s minimum reserves — isn’t an imminent […]
Swiss won’t hoard cash despite smaller bills, SNB’s Jordan says
Brought to you by Investec Switzerland. Swiss National Bank President Thomas Jordan doesn’t expect cash stockpiling even with negative interest rates and a new series of smaller banknotes. “The size has no impact on the cash hoarding,” he said in a Bloomberg Television on Wednesday in Bern after the central bank unveiled a new banknotes […]
Could Swiss banks start charging negative interest?
Brought to you by Investec Switzerland. Could Swiss banks start charging retail depositors negative interest? One already has. More might follow. In mid January 2015 the Swiss National Bank (SNB) started charging negative interest on certain deposits placed with it in an attempt to make holding Swiss francs less attractive. After abruptly abandoned its currency […]