New Market Study Published: Consumer Credit in Switzerland
The key trend for 2011 was the historically low interest rates that had far-reaching effects on the consumer credit landscape in Switzerland. The prolonged period of interest rates of under 0.5% stimulated the consumer credit market across the different categories including personal loans, mortgages, auto loans etc. The Swiss economy remained healthy in 2011 with high consumer confidence and expenditure. The low interest rates incentivised many Swiss to take advantage of the credit situation...
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