Coronavirus makes normalisation of SNB policy more unrealistic - Zurbruegg
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ZURICH (Reuters) - The global coronavirus pandemic has made the quick end of negative interest rates and the normalisation of monetary policy more unrealistic, Swiss National Bank Vice Chairman Fritz Zurbruegg told the Schweiz am Wochenende newspaper.The SNB has been engaged in ultra-loose policy for the past five years, marked by the world's lowest interest rates of minus 0.75% and foreign currency purchases to relieve appreciation pressure on the Swiss franc.The central bank has stepped up its..