Friday, September 27, 2024

Swiss Central Bank Delivers Third Straight Rate Cut by 25 basis points to 1%. Really!

Will a new era of too cheap money begin again fueling the next financial crisis? Most likely other central banks will follow like lemmings!

A 1% interest rate on money is ridiculous! The real interest rate again is is zero and/or negative!!!!

How many more times will the lessons of economic history and economics be ignored! As an economist myself, I can only despair!

Even the otherwise level headed Swiss people can not resist foolishness in this respect!

Swiss Central Bank Delivers Third Straight Rate Cut - WSJ "The Swiss National Bank lowered its key rate to 1% from 1.25%, having cut borrowing costs by the same amount in June"

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