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MNI INTERVIEW(RPT): SNB To Keep Rates Negative In 2023-Ex Aide

(MNI) London

Negative rates are unpopular but may stay for longer, former SNB economist Daniel Kaufmann tells MNI.

(Repeats article first published on May 19)

The Swiss National Bank is set to keep rates at negative levels throughout 2023 unless the European Central Bank hikes faster than expected, a former senior economist in the bank’s inflation forecasting unit told MNI, noting there were few signs of a durable rise in inflation despite the effects of the war in Ukraine.

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(Repeats article first published on May 19)

The Swiss National Bank is set to keep rates at negative levels throughout 2023 unless the European Central Bank hikes faster than expected, a former senior economist in the bank’s inflation forecasting unit told MNI, noting there were few signs of a durable rise in inflation despite the effects of the war in Ukraine.

Keep reading...Show less