SNB's Zurbruegg defends negative interest rate policy

September 2, 2016 12:35 PM

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ZURICH, Sept 2 The Swiss National Bank is committed to negative interest rates because the policy is working, the bank's vice president Fritz Zubruegg said, according to a report by Swiss newspaper Corriere del Ticino.

Switzerland would be a worse situation without the policy, Zurbruegg said at a meeting in Lugano, southern Switzerland,

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