There is obviously a limit as to how negative the SNB can push the interbank rate, but if you see it as the "convenience fee" for keeping and moving large amounts of money in the central bank versus trying to hold it and transport it as cash it makes more sense.
There is obviously a limit as to how negative the SNB can push the interbank rate, but if you see it as the "convenience fee" for keeping and moving large amounts of money in the central bank versus trying to hold it and transport it as cash it makes more sense.