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المشهد العربي
SNB suggests possible rate cuts below zero
Member of the Swiss National Bank's Board of Directors, Petra Choudin, expressed the bank's readiness to cut interest rates below zero if necessary, in order to keep inflation within the targeted range of 0% to 2%. She noted that the impact of negative interest rates differs from positive ones but remains an effective tool for achieving economic goals. Last year, the bank lowered the interest rate to zero, and inflation reached 0.4% in July despite global energy price tensions.
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