The Swiss Federal Council has appointed a new president of the Central Bank the country. He became vice-president of Bank of Philipp Hildebrand (Philipp Hildebrand), stated in an official press release of the Federal Council. Hildebrand is known that in 2003 he became the youngest members of the Governing Board of the Central Bank, and until 1980 enjoyed a professional diver, but could not penetrate to the Olympics in 1984, said agency Bloomberg.
The current head of one of the most influential in the world of the Central Bank, Jean-Pierre Roth (Jean-Pierre Roth) leaves his post at the end of 2009. He announced the resignation in February. Prior to that, Roth worked at the Central Bank of Switzerland for more than 30 years.
According to the agency Bloomberg, Hildebrand is one of the main advocates of non-standard monetary policy. It will help Switzerland to withdraw from the economic crisis and the deepest recession since 1975.
In recent months, Central Bank of Switzerland on several occasions reduced the discount rate, bringing it to a level of 0.25 per annum. Such a decision taken and the other major developed countries, including the United States. While the decline in rates has only a limited effect on the recovery of world economy.
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