While Switzerland’s central bank Thursday painted an encouraging picture of the country’s economy it also raised a warning about the danger that a housing market bubble is developing. The Swiss National Bank Thursday froze its interest rates near zero as expected by most analysts, but said historically low rates mean Switzerland’s banks and mortgage institutions need to be more prudent in their lending and mortgage policies.
0 minute readSNB rate freeze raises specter of Swiss housing-market bubble
June 18, 2010, 12:59pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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