Crypto
Swiss Central Bank Revives Zero Interest Rate Policy Amid Trade Pressures
Switzerland's central bank has cut interest rates back to zero in a bid to address deflation and economic uncertainties amidst global trade tensions.
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Switzerland's central bank has cut interest rates back to zero in a bid to address deflation and economic uncertainties amidst global trade tensions.
The Swiss National Bank, represented by President Martin Schlegel, has decided against the inclusion of bitcoin in its reserves, citing liquidity and volatility concerns.
The President of the Swiss National Bank has ruled out the inclusion of Bitcoin in the central bank's reserves, labeling it a 'niche phenomenon' despite increasing cryptocurrency acceptance in Switzerland.
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