La Svizzera entra nell’era di zero tassi di interesse
https://www.cnbc.com/2025/06/19/switzerland-returns-to-era-of-zero-interest-rates.html
di Straight_Ad2258
La Svizzera entra nell’era di zero tassi di interesse
https://www.cnbc.com/2025/06/19/switzerland-returns-to-era-of-zero-interest-rates.html
di Straight_Ad2258
11 commenti
Not sure if this is good or bad news.
reenters I’d say
Switzerland’s biggest problem nowadays is unironically deflation
Switzerland could be smart and increase government deficit to accelerate the energy transition( EV subsidies, subsidies for replacing gas heating with heat pump, for electrifying industry, subsidizing breeakthrough tehnologies at prototype level for steel and cement industries)
unfortunately, i dont see them doing that
for their ultra-high GDP per capita, EV market share among new cars is 20%, barely above Turkey and Indonesia
Unleash the ZIRP
Suffering from success. They have to do this as franc is way too powerful right now.
Some depreciation of the CHF would do well for their declining tourism.
Suffering from success
Now is the time for the government to invest in profitable infrastructure projects to absorb all this Swiss franc demand.
There is a ton to do: many rail choke points, public transport in cities, EV infrastructure, national bike network, solar and wind, as well as a huge construction push to correct the chronic undersupply of housing (that would require legislation to coerce the NIMBY municipalities who all want new housing to be built elsewhere).
The problem is that none of those things are consensual enough for the parliament to get them through quickly, except maybe rail and EV infrastructure.
Edit: and there is no awareness that this is the logical thing to do when foreigners are desperately trying to pour billions into your economy.
I’m torn about this one: on the one side, you do get a bit more flexibility for a certain period of time, but I see two main issues with this action:
1. How likely is Switzerland to invest that money in a way that is sustainable for citizens? Do they intend to invest in infrastructure (for example), that could be of use for the citizens, or is it just the start of another assets bubble?
2. Once you drop to 0 rates you lose an effective way of dynamizing the economy if any sort of crisis happens. It’s risky since you lose a very important tool with this too.
For now, I’m skeptic, but we’ll see. Hope it all goes well for you in Switzerland, buds.
One of the main goals of the SNB to decide interest rates is price stability. A reason why this could have been decided is to increase building investments, because real estate costs are the biggest economic problem today in switzerland
Correct me if i’m wrong but can’t the national bank not just print a bunch of free money, lower the value of the swiss franc and stock up their portfolio in one go?