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Swiss housing market less worrying: central bank
Published Wed, Oct 12, 2016 · 09:50 PM
Zurich
THE Swiss National Bank has grounds to be a "bit less worried" about the housing market, although risks remain high, vice-president Fritz Zurbruegg said.
With the central bank keeping interest rates low to prevent the Swiss franc from appreciating, officials have resorted to macroprudential measures, including a countercyclical capital buffer for banks, to address the housing sector. Grow…
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