The Business Times
business-time-50

Swiss National Bank to adopt negative interest rate

Move is to hold down value of Swiss franc amid turmoil in global currency markets

Published Fri, Dec 19, 2014 · 09:50 PM

    Paris

    SWITZERLAND is introducing a negative interest rate on deposits held by lenders at its central bank, moving to hold down the value of the Swiss franc amid turmoil in global currency markets and expectations that deflation is at hand.

    The Swiss National Bank said in a statement from Zurich on Thursday that it would begin charging banks 0.25 per cent interest on bank deposits exceeding a certain threshold, effective on Jan 22.

    TRENDING NOW

    The authors of the paper found that home-purchase intensity near planned MRT stations was higher for civil servants than with a control group of non-civil servants.

    PSD reviewing paper that alleges civil servants disproportionately bought homes near unannounced MRT stations

    CapitaLand Investment is a leading name among Singapore’s corporates and has numerous institutional and retail shareholders. 

    CapitaLand Investment’s retrenchments: Mind the downsides of a profitable business laying off staff

    Sats has signed a pact with KLN Logistics to advance temperature-controlled and time-critical shipments.

    Stocks to watch: Sats, Yangzijiang Shipbuilding, SBS Transit, GuocoLand

    The Treasury market has ballooned to about US$32 trillion from around US$4.5 trillion since 2007, pushing the federal debt to more than 100% of US GDP.

    US 10-year Treasury yield tops 5% for first time since 2023 as inflation fears mount

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More