Return of Zero Interest Rate Policy as Swiss Central Bank Cuts Rates
The return to zero comes as tariffs threaten to deflate nations with trade surplus, such as Switzerland and China.
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Swiss National Bank
The return to zero comes as tariffs threaten to deflate nations with trade surplus, such as Switzerland and China.
Despite Switzerland’s growing acceptance of cryptocurrencies, SNB’s President dismissed them as a “niche phenomenon.”
The next two-year phase of Project Helvetia will see other financial institutions and types of transactions join the party.
The Helvetia Phase III pilot will create a tokenized version of the franc as a settlement instrument between financial institutions for digital assets on the exchange.