Swiss National Bank Chairman Warns Of 'Great Insecurity' Caused By US Tariffs

2025-05-16 02:32:38

(MENAFN- Swissinfo) The president of the Swiss National Bank (SNB), Martin Schlegel, has warned of the huge financial uncertainties caused by recent US tariffs. This content was published on May 16, 2025 - 15:41 2 minutes Keystone-SDA

Français fr Le président de la BNS évoque une“très grande insécurité” Original Read more: Le président de la BNS évoque une“très grande insécurité

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“We think that growth will slow down, but we do not foresee a recession in Switzerland,” Schlegel told the Swiss Media Forum in Lucerne on Friday.

He pointed out that the increase in customs duties could penalise Swiss products because they become more expensive in the US, but also because other countries could benefit from more advantageous conditions than Swiss exporters.

More More SNB chairman does not rule out slowdown in Swiss growth

This content was published on Apr 25, 2025 Martin Schlegel, chairman of the Swiss National Bank (SNB), does not rule out a weakening of the Swiss economy in light of the tariff dispute.

Read more: SNB chairman does not rule out slowdown in Swiss growt

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