The president of the Swiss National Bank (SNB), Martin Schlegel, has warned of the huge financial uncertainties caused by recent US tariffs. +Get the most important news from Switzerland in your inbox "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. 'We are not manipulators' Asked about the possible introduction of negative interest rates in Switzerland, Schlegel said no instrument could be ruled out. Nobody likes negative interest rates, including the SNB, but it is not out of the question that the institution might have to use them again, he commented. This would complicate the work of pension funds in particular, which would find it more difficult to ...
