Tariff turmoil boosts Swiss franc, pressuring SNB to move closer to negative rates
Mihaela Păun
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. President Donald Trump last week shocked world markets by announcing hefty import tariffs for most of the global economy, more and more analysts have forecast that the SNB will again cut rates. The SNB has repeatedly said that even though
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