Economics

Switzerland Has a New Way to Impose World’s Lowest Interest Rate

SNB appears to have intervened recently to weaken franc
Some economists forecast it will have to cut rates as well

Swiss National Bank President Thomas Jordan Address Annual Shareholder Meeting — Photographer: Stefan Wermuth/Bloomberg

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By Catherine Bosley and Richard Jones

August 21, 2019 at 12:01 AM EDT

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The Swiss National Bank has a new way of enforcing the world’s lowest interest rate.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal