Swiss Bank Hits Customers With Negative Interest Rates; Crazy? What About Velocity?
MishTalk
NOVEMBER 24, 2015
With its balance sheet totalling nearly 1.6 Either way, it’s an unorthodox choice that has distorted financial markets and triggered warnings that the strategy could backfire. and Bank of England Governor Mark Carney said he could now cut the benchmark rate below the current 0.5 percent if necessary.
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