These adjustments will ensure that implementation of the SNB's monetary policy remains effective and efficient
PHOTO
The Swiss National Bank is raising the minimum reserve requirement for domestic banks and will amend the National Bank Ordinance as of July 1, it said in a statement on Monday.
"These adjustments will ensure that implementation of the SNB's monetary policy remains effective and efficient," said the bank. (Writing by Miranda Murray)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© ZAWYA 2024
