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Investing.com -- The Swiss National Bank (SNB) still has the tools to manage inflation toward its price stability goal even with interest rates at zero, according to extended governing board member Atillio Zanetti.
Speaking to reporters on Tuesday, Zanetti addressed the possibility of negative interest rates.
"It’s not an obvious step to go into negative rates, but I wouldn’t say that we don’t want to do that if that’s necessary," Zanetti said.
He acknowledged that implementing negative rates would change how monetary policy works compared to positive interest rate environments.
"So negative rates are an option but we are aware that the transmission of monetary policy with negative rates is different than in positive territory," he added.
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