The Swiss are now at a negative interest rate due to the Russian ruble collapse!
ZURICH, Switzerland (PNN) - December 19, 2014 - The initials SNB for the Switzerland’s central bank, the Swiss National Bank, are about to become just as familiar as the initials ECB for the European Central Bank. Today, the SNB announced it would cut interest rates for banks that keep large amounts of money at the SNB to -.25%. Yes - a negative interest rate.