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The Swiss franc strengthens a bit after the country's parliament votes against a motion for the...

The Swiss franc strengthens a bit after the country's parliament votes against a motion for the government to create a legal framework for negative interest rates. Earlier the franc had strengthened when the Finance Minister said negative rates were among the tools the country had to combat the currency's strength. FXF -0.2%.
Comments (2)
  • bkpark
    , contributor
    Comments (325) | Send Message
     
    How would negative interest rate even work? Are they going to make it illegal for institutions to hold more than a certain amount of CHF? Why would anyone (that is, anyone but a central bank) loan cash at assured loss?
    21 Dec 2011, 12:51 PM Reply Like
  • labas112
    , contributor
    Comments (304) | Send Message
     
    Yeah this is getting redonkulous!!!! Every country is trying absolutely everything from letting their own currency strengthen. Something is going to have to give.
    21 Dec 2011, 01:10 PM Reply Like
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