The end of negative interest rates will cost the SNB dearly
With the return of positive interest rates, the SNB could have to pay up to 7 billion francs to the banks.
Posted today at 3:20 p.m.
This week, positive rates are expected to return and will have a heavy impact on the finances of the Swiss National Bank.
MATTHEWS SPICHER
After more than eight years of negative interest rates, the National Bank is expected to return to a “normal” situation next Thursday when the key rate (-0.25% today) drops to 0.25% or even 0.5% according to experts. But this poses a serious problem, recalls the “Neue Zürcher Zeitung” in its Sunday edition: the SNB will have to pay several billion to the banks which have assets at home.
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