SNB worries about world’s lowest interest rate

Any commentary on the property market will accompany the SNB’s (pic) quarterly decision in Zurich soon. It’s almost certain to reiterate its buzzword for the franc as being “highly valued” to justify its easy monetary-policy stance with the world’s lowest interest rate of -0.75%.

ZURICH: Swiss National Bank (SNB) policy makers watching the effects of negative interest rates on the economy are worrying about the real-estate bubble that their policy is helping to foster.

Aware that any shift in their sub-zero stance could unsettle currency markets, officials are likely instead to highlight the availability of regulatory tools to cool the property market at their decision soon.