Brief: Moody's says Swedish,Swiss banks' profitability resilient to low interest rates,but downside risks intensify

Banque Cantonale Vaudoise

18/04/2016 11:31

April 18 (Reuters) - Moody's: 
    * Swedish and Swiss banks' profitability resilient to low interest rates, but downside risks 
intensify 
    * Benchmark rates remain in negative territory, expect tightening interest margins to put 
pressure on revenues for banks in Sweden, Switzerland 
    * Net interest margins could face further downward pressure if repo rate were to fall below 
-0.60% for an extended period 
    * Swedish central bank could introduce further interest rate cuts to support inflation,to 
combat any material appreciation of Swedish currency 
 
Source text for Eikon:  ID:nMDY87nbLZ  
 
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