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Swiss Bank Hits Customers With Negative Interest Rates; Crazy? What About Velocity?

MishTalk

With its balance sheet totalling nearly 1.6 and Bank of England Governor Mark Carney said he could now cut the benchmark rate below the current 0.5 Economic Distortions That's actually a balanced synopsis by Bloomberg as far as it went. The big Swiss banks passed on some of the pain from the Swiss central bank’s -0.75

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