September 6, 2019 / 5:36 PM / 12 days ago

Swiss National Bank rules out helicopter money for Switzerland

ZURICH, Sept 6 (Reuters) - The Swiss National Bank has ruled out issuing so-called helicopter money - printing cash and handing it out to citizens - to increase inflation and consumer spending, Chairman Thomas Jordan said on Friday.

Giving out 500 Swiss francs ($506.07) to every Swiss citizen did not make any sense and was against the country's constitution, Jordan told an event at the University of Zurich.

"Giving away free money is really a political decision and not something that should be taken by a central bank," Jordan said. ($1 = 0.9880 Swiss francs) (Reporting by John Revill; editing by Brenna Hughes Neghaiwi)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below