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The finance industry has long complained about the impact of sub-zero rates on profitability, and the Swiss Bankers Association said this month it was causing “massive structural damage” to the economy.

The Swiss Bankers Association criticizes the central bank’s policy of negative rates, saying it was causing “massive structural damage” to the economy

The Swiss Bankers Association (SBA) says negative interest rates are contributing to financial and economic instability in Switzerland. The Swiss central bank will review policy next week.

"Artificially low rates therefore call forth artificial investments, a point that the chief economist of the Swiss Bankers Association, Martin Hess, recently made. “Holding cash is simply more expensive than building an empty house,” @WSJ  quoted him as saying." @GrantsPub 

“Holding cash is simply more expensive than building an empty house." - chief economist of the Swiss Bankers Association, Martin Hess

The Swiss Bankers Association unveils new guidelines for banks that could make it easier for cryptocurrency/blockchain companies to open corporate bank accounts (Brenna Hughes Neghaiwi/Reuters) via

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