| From Dow Jones: Switzerland's property market is robust but the low level of Swiss interest rates may lead to imprudent investment and lending decisions, Swiss National Bank directorate member Thomas Jordan warned Friday.
The decline in Swiss mortgage rates, due to the SNB's recent near-zero interest rate policy, has had a beneficial effect on the economy, Jordan told a business conference. He added there is no sign of a shortage of credit in the Swiss real-estate market.........Full Article (Subscription Required): Source
|