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    02.10.2015 08:27 Swiss National Bank Vice Chairman Fritz Zurbruegg: negative interest rates were temporary

    The Swiss National Bank (SNB) Vice Chairman Fritz Zurbruegg said on Thursday that negative interest rates were temporary.

     

     

    "This can't be business as normal. This is a temporary situation," he said.

     

     

    Zurbruegg noted that the Swiss franc is overvalued and the central bank will intervene in the foreign exchange market if needed.


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