
SNB Introduces Stealth Negative Rate to Keep Money Markets Going
Swiss banks can hold up to an unchanged 18 times their minimum reserve requirement in sight deposits at the SNB for free. For anything over that they will be charged interest of -0.25% as the discount from the policy rate remains unchanged at 25 basis points, the institution said in a statement on Thursday.
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Hitachi Rail, SYMCA partner on Supertram modernisation initiative
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Michelin posts H1 sales in line with market forecasts
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