Swiss National Bank introduces negative interest rates

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Swiss National Bank cuts interest rates to -0.25%. Reaffirms 1.20 EURCHF floor. Will take more steps if necessary. The Swiss National Bank, a while back introduced negative interest rates, moving -0.25% on sight deposit account balances and expanded its target range for the three month LIBOR to -0.75% - 0.25% and will be charged as of January 22nd 2015 and would be calculated on a daily basis a...

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