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Swiss government bids to cool housing bubble

Posted on 14 February 2013

The Swiss government announced steps on Wednesday to try to dampen a housing market boom that has been fuelled by ultra-low interest rates, immigration and Switzerland’s appeal as a safe-haven for financial investors.
The government said it is demanding banks hold additional capital against their mortgage books to restrain an “excessive” rise in real estate prices and “exorbitant” mortgage debt because the central bank could not lift interest rates due to its desire to keep a lid on the strong Swiss franc………………………………………..Full Article: Source


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