Swiss central bank maintains low-interest policy
The Swiss National Bank keeps interest rates steady amid signs of a “fragile” recovery in the Swiss economy, while maintaining an expansionary monetary policy. But the central bank’s top officials, outgoing chairman Jean-Pierre Roth and his imminent successor Philipp Hildebrand, maintain a cautious outlook at an end-of-year press conference, warning of uncertainties in the year ahead and of the continued need for changes to the “business as usual” approach in the financial sector.