Swiss National Bank seeks state help to fight coronavirus
Share:
ZURICH (Reuters) - The Swiss National Bank is working closely with the government to cushion the economic impact of the coronavirus epidemic, it said on Thursday, stressing that monetary policy alone cannot fight the economic downturn caused by the outbreak.The outlook for the Swiss economy has worsened considerably, with the safe-haven Swiss franc becoming "even more highly valued", the SNB said as it kept its ultra-expansive monetary policy in place.The central bank slashed its growth forecast..