Modest Rally for Swiss ETFs After Move to Negative Rates
December 18, 2014 at 11:18 AM EST
In the latest bold decision by a central bank, Switzerland’s National Bank (SNB) announced earlier Thursday it is implementing negative interest rates. In an effort to low the value of its franc, SNB unveiled a rate of -0.25% on sight deposits on accounts with more than $9.77 million. “The new rate...