Negative interest rates are becoming more and more of a nuisance, especially for savers who want to leave their money in the account. Those who take out a loan, on the other hand, benefit from the historically low interest rates. CEO and co-founder of Loanboox Switzerland Andi Burri explains in an interview with Swiss radio and television SRF what this means for Swiss communities in concrete terms.
Since the introduction of negative interest rates, the average interest costs for cities, municipalities and cantons have dropped significantly. Through Loanboox alone, they have earned 23.2 million Swiss francs through negative interest since the platform was founded four years ago. This corresponds, for example, to the costs for the compulsory schooling of 1,081 pupils – we have already reported on this in detail in our blog. Especially municipalities with a good credit rating benefited from this development, according to Andi Burri in an interview with SRF’s Heute Morgen Journal.
But which municipalities have earned the most from negative interest rates? And how do they benefit the Confederation in its capital procurement? Find out the details in the radio report.
SRF 1 Economy: Municipalities benefit from negative interest ratesBeitrag anhören
You cannot listen to the audio file? You can read the SRF report in text form here.