Swiss pension funds and life insurers have been among the losers from negative interest rates, but the
SNB is unlikely to follow the Bank of Japan’s example of targeting long-term bond yields to limit the
damage on the sector. Given that we now expect Swiss bond yields to be even lower for longer, the
current pension system is looking increasingly unsustainable.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services