Europe Closes the Crazy Parenthesis of Negative Rates.

Could the housing bubble burst?

It's more than a symbol. The Swiss National Bank (SNB) raised its main policy rate by 75 basis points on Thursday 22 September 2022, to 0.50%. Before this move, it was the last of the European central banks to practice a negative interest rate policy (NIRP). It was also the first to do so - implicitly - between 1972 and 1978. It did it again, openly thi…