Swiss National Bank chairman says current situation not easy for policy
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Swiss National Bank Chairman Martin Schlegel stated that the current economic situation in Switzerland, characterized by low inflation at 0.1% and interest rates at 0%, poses challenges for monetary policy. He emphasized the central bank's focus on maintaining inflation and price stability, which is defined as a range of 0-2%. Schlegel did not comment on the likelihood of negative interest rates but acknowledged the discomfort of the current policy environment.
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