Swiss find Goldilocks formula for housing market
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Zurich
WHEN it comes to the housing market, the Swiss might be achieving what Goldilocks wanted in a porridge: getting it just right.
Unable to raise interest rates for fear of pushing up the franc, authorities tackled a residential property boom with regulatory measures aimed at reining in exuberance. Three years on, the Swiss National Bank (SNB) can claim some success for now.
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