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Swiss central bank keeps zero-rate as tariffs take their toll
The Swiss National Bank warns that 39% US tariffs on exports have lowered growth forecasts for 2026 to just under 1%, while maintaining an expansionary monetary policy.
- The Swiss National Bank is keeping its key interest rate at zero to maintain an expansionary monetary policy.
- Martin Schlegel, the SNB chair, remarked that the US's 39% tariffs on Swiss exports pose a significant challenge for companies.
- The SNB indicated that uncertainties regarding inflation and economic growth in Switzerland remain high, impacting the economic outlook.
- The SNB is prepared to adjust its monetary policy and be active in the foreign exchange market if needed.
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Swiss franc steady as SNB holds rate at zero, traders await US data
LONDON :The Swiss franc was little changed against the dollar on Thursday as the Swiss National Bank kept the interest rate at zero, as expected, while the greenback was also steady as traders awaited U.S. data that may outline the impact of tariffs and the outlook for rates.The SNB held its key interest unch
·Singapore
Read Full ArticleAfter six successive reductions, the Swiss National Bank does not charge interest rates.
·Zürich, Switzerland
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Total News Sources54
Leaning Left7Leaning Right4Center8Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 37%
C 42%
R 21%
Factuality
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