Swiss National Bank Warns of U.S. Tariff Impact
The Swiss National Bank Chairman, Martin Schlegel, highlighted U.S. tariffs as a significant challenge that could slow economic activity. While the central bank maintained its interest rates at 0%, Schlegel expressed concern over the high level of uncertainty affecting their monetary policy's support for economic development.
- Country:
- Switzerland
Swiss National Bank Chairman Martin Schlegel identified U.S. tariffs as a significant challenge threatening to dampen economic activity.
This warning came after the central bank decided to keep its interest rates steady at 0%. Schlegel addressed these concerns during a press conference where he presented prepared remarks.
Despite maintaining their current monetary policy, Schlegel acknowledged the persistent uncertainty impacting economic development in Switzerland.
(With inputs from agencies.)
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