Negative interest rate environment increases pressure on Swiss pension system
Zurich / Basel06 Mar 2015, 08:15 CETMedia Releases Switzerland
Since the Swiss National Bank (SNB) scrapped the EURCHF floor on January 15, 2015 and lowered the negative interest rate even further, the interest rate environment in Switzerland has been turned on its head. The UBS Chief Economist Switzerland and his team analyzed the possible implications under different interest rate scenarios. The results show adverse effects for the real economy, significant interest rate risks and additional consolidation pressure in the banking sector, along with serious consequences for the Swiss pension system.
