The "War On Cash" Migrates To Switzerland

Discussion in 'Economics' started by Banjo, Apr 26, 2015.

  1. Banjo

    Banjo

  2. kashirin

    kashirin

  3. piezoe

    piezoe

    The real rate of return on Swiss bank accounts held in francs for money deposited before the peg to the Euro was dropped is positive. The franc jumped 30% when the peg to the Euro was dropped. Considering the present ECB policy, further price deflation in Switzerland is anticipated. This will result in a positive real return on new deposits into Swiss accounts. Pension fund managers know this.