Wealth and Asset Management
EFG economist: Unprecedented SNB rate hike was 'surprisingly dovish'
The Swiss National Bank ended negative interest rates last week with a 0.75 percentage point policy rate increase. This could be taken as a cautious signal, GianLuigi Mandruzzato, senior economist at EFG Asset Management, wrote in an economic outlook. ‘Despite raising rates by an unprecedented 0.75 [percentage points] to 0.5%,…
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