SNB Reduces Interest Threshold for Bank Deposits

Reported about 2 months ago

The Swiss National Bank has announced a change in the threshold factor for remuneration on sight deposits, lowering it from 25 to 22 times the banks' minimum reserve requirement. This modification aims to partially reverse the previous increase in minimum requirements set in July, which affected how much interest banks earn on parked cash. While it may slightly alleviate some revenue losses for banks, economists believe it will not significantly impact overall interest earnings.

Source: YAHOO

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