Hurdles to negative rates 'certainly higher': Swiss central bank chief
TAKERO MINAMI
BERLIN -- Switzerland's central bank now faces higher hurdles to reintroducing negative interest rates, its head acknowledged after the bank decided in mid-June to cut its key rate to zero.
Stressing the side effects of lower interest rates on depositors and the real estate market in an interview with Nikkei, Swiss National Bank Chairman Martin Schlegel showed caution on further rate cuts -- a reversal from his favoring of them so far.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Nikkei Asia
4 hours ago
- Nikkei Asia
Japan to greenlight first yen-based stablecoin
Japan's Financial Services Agency will allow JPYC to issued a cryptocurrency fully backed by the yen. (Nikkei photo composite) TAKANOBU AIMATSU and RYUTA MINAMIHATA August 18, 2025 00:30 JST TOKYO -- The Financial Services Agency will approve the issuance of Japan's first yen-denominated stablecoin as early as autumn, with the aim of using it for international remittances and more, Nikkei has learned.
Nikkei Asia
a day ago
- Nikkei Asia
7-Eleven parent still wants IPO for US unit, chairman says
Retail Founding family member speaks for first time since Couche-Tarde deal collapse Seven & i in March announced plans to list Seven-Eleven Inc., which operates convenience stores in North America. (Photo by Nikkei) YOSHIHIRO HARA August 17, 2025 04:28 JST TOKYO -- 7-Eleven parent Seven & i Holdings remains intent on a stock market listing for its American convenience store unit and will channel some of the proceeds into growth, Chairman Junro Ito said.
Nikkei Asia
a day ago
- Nikkei Asia
Japan eyes African trade deals to grow auto, other exports
Trade Kenya, East African countries seen as 1st candidates for agreements Motorcycle taxis in Nairobi. Japanese exports seek inroads into Africa's fast-growing consumer markets. © Reuters SHIMPEI KAWAKAMI August 17, 2025 00:18 JST TOKYO -- Japan is looking to start domestic discussions on possible trade agreements with African countries, seeking to promote auto exports and other commerce, Nikkei has learned.
