SNB satisfied with impact of negative interest rates

GENEVA: The Swiss National Bank is satisfied with the impact of negative interest rates, which are working as expected, although the franc remains greatly overvalued against the euro, SNB board member Fritz Zurbruegg said in an interview published on Monday.

"With -0.75%, we've already gone a very long way and at this point, we are satisfied with the effect," Zurbruegg told the Tribune de Genève newspaper.- Reuters