Swiss National Bank reduced the number of exemptions from negative interest rates

Market news

22 April 2015

Swiss National Bank reduced the number of exemptions from negative interest rates

The Swiss National Bank (SNB) said on Wednesday that it reduced the number of sight deposit accounts exempt from its negative interest rate. Switzerland's central has been criticised that public institutions were being shielded from the charge.

Starting from May 01, the negative rate will apply to institutions such as the pension funds of the federal government and the central bank.

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