SNB has lowered the threshold factor for the remuneration of sight deposits of account holders subject to minimum reserve requirements from 16.5 to 15, as of 1st March.
Importance
Level 1
- "The lowering of the threshold factor counteracts the increase in thresholds due to the raising of the minimum reserve requirement as of 1 July 2024,2 thereby ensuring that the implementation of monetary policy remains effective and supporting an active money market. The adjustment of the factor has no impact on the current monetary policy stance."
#SWITZERLAND#SNB#IMPORTANT#FIXED INCOME#EU SESSION#CENTRAL BANK#MONETARY POLICY#UBSG