For Switzerland's economic recovery will take time, said the representative of the Bank of Switzerland, adding that any sudden action in the future, the bank is not expected after it has been a massive decline in rates. «We have taken decisive action, and now it is time to allow time for the tablet to work», - said vice-president of Bank of Switzerland Philippe Hildebrant, responding to a question about the probability of negative interest rates.
Hildebrant added that the large infusion of liquidity will continue to be neutralized. «We are ready to take any steps that would be needed to reverse the excess liquidity, if necessary, even if these steps will be unpopular. But this is a problem of tomorrow », - he said. In March, Bank of Switzerland cut interest rates to zero. The current target level of 0.25%. Hildebrant said nothing about the intervention in currency markets, previously they were to contain the growth of the Swiss franc against the euro.
Hildebrant added that the large infusion of liquidity will continue to be neutralized. «We are ready to take any steps that would be needed to reverse the excess liquidity, if necessary, even if these steps will be unpopular. But this is a problem of tomorrow », - he said. In March, Bank of Switzerland cut interest rates to zero. The current target level of 0.25%. Hildebrant said nothing about the intervention in currency markets, previously they were to contain the growth of the Swiss franc against the euro.
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