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NIRP Is Back As Swiss National Bank Cuts Rates To Zero, Introduces Stealth Negative Rates
from ZeroHedge: Five years after covid sparked a once in a generation inflationary surge and forced all central banks to push their interest rates well above the zero (and in some cases negative) lower bound which defined the post-QE era, overnight the Swiss National Bank became the first to show that the world of higher rates is […]