Tariff turmoil boosts Swiss franc, pressuring SNB to move closer to negative rates

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Tariff turmoil boosts Swiss franc, pressuring SNB to move closer to negative rates - Channel News Asia

Quick Summary:

ZURICH : Market turmoil unleashed by U.S.trade tariffs has boosted the Swiss franc, piling pressure on the country's export-oriented economy and potentially pushing the Swiss National Bank closer to negative interest rates with inflation near zero.Since U.S.

"The risk of deflation has risen, and that explains why the chances of seeing again negative interest rates have also risen quite meaningfully," he said.

A weaker economy is likely to put downward pressure on inflation as will a stronger franc because it reduces the cost of imports, analysts note.