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Swiss central bank wary of housing bubble

Cheap mortgages fuelling biggest property boom in two decades
Thursday, December 12, 2013 - 06:00

[ZURICH] Swiss National Bank (SNB) officials are counting the cost of their zero interest-rate policy. After more than two years of targeting three-month Libor between zero and 0.25 per cent, coupled with a currency ceiling to keep the euro region's debt crisis at bay, president Thomas Jordan

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