SNB's Schlegel on Interest-Rate Decision, Negative Rates

The transcript covers a discussion on the Swiss National Bank's recent rate decision, which involved a larger-than-expected rate cut to stabilize inflation. The conversation explores the implications of this decision on future monetary policy, the appreciation of the Swiss franc, and the potential for negative interest rates. It also touches on the dynamics of the new board and the challenges faced by the Swiss economy in maintaining price stability.

What factors led to the decision to implement a larger rate cut than expected?

How does the current interest rate of 0.5% impact the likelihood of future rate cuts?

What is the Swiss National Bank's mandate regarding price stability?

How does the appreciation of the Swiss franc against the euro affect the Swiss economy?

What are the potential risks associated with the current monetary policy for Swiss firms?

In what ways does the Swiss National Bank monitor the economic situation to inform its decisions?

What lessons were learned from the previous period of negative interest rates?