Select Language

SNB's Tschudin: Economic situation for Switzerland has become considerably more uncertain

Breaking news

SNB's Tschudin: Economic situation for Switzerland has become considerably more uncertain

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.06.19 17:10
SNB's Tschudin: Economic situation for Switzerland has become considerably more uncertain

update 2025.06.19 17:10

Swiss National Bank (SNB) governing board member Petra Tschudin is addressing the post-policy meeting press conference, explaining the decision behind the 25 basis points (bps) interest rate cut to 0%.

Key quotes

Higher US tariffs will likely curb global trade.

Global economic outlook has deteriorated due to higher trade tensions.

US inflation likely to rise; inflation in Europe likely to fall.

Swiss economy grew strongly in Q1, mainly due to exports to the US being brought forward.

Global economic growth will weaken in coming quarters.

Global outlook subject to high uncertainty.

Expect Swiss economic growth to slow, and be subdued in rest of 2025.

Economic outlook for Switzerland uncertain, developments abroad are main risk.


Date

Created

 : 2025.06.19

Update

Last updated

 : 2025.06.19

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

USD/CAD remains close to 1.3730 highs amid fears of a wider Middle East conflict

The USD/CAD advances for the third consecutive day on Thursday and remains steady above 1.3700 at the moment of writing, after having tested the early June highs, near the 1.3730 area earlier today.The US Dollar is one of the strongest G8 performers on Thursday, as investors rush for safe assets, am
New
update2025.06.19 20:21

Gold Price Forecast: XAU/USD trades indecisively below $3,400, holds key 20-day EMA

Gold price (XAU/USD) trades in a limited range below the round-level resistance of $3,400 during European trading hours on Thursday.
New
update2025.06.19 20:02

NZD slips despite Q1 growth beat- BBH

NZD is underperforming across the board. Financing New Zealand's large current account deficit (-5.7% of GDP in Q1) is more difficult during periods of global risk aversion when foreign capital flows tend to dry up, BBH FX analysts report.
New
update2025.06.19 19:50

AUD/USD approaches three-week lows near 0.6450 as Middle East tensions escalate

The risk-sensitive Australian Dollar is one of the worst performers on Thursday, with investors rushing for safety as the Israel-Iran conflict threatens to escalate into a global war, with the US jumping in.The AUD/USD depreciates 0.6% so far today, giving away Wednesday's gains, as and approaches t
New
update2025.06.19 19:28

AUD/USD slips after weak jobs data - BBH

AUD/USD is down near the lower-end of this month's 0.6440-0.6550 range. Australia's May labor force report was soft, BBH FX analysts report.
New
update2025.06.19 19:26

USD/CNH: Likely to trade in a range between 7.1830 and 7.2030 - UOB Group

US Dollar (USD) is likely to trade in a range between 7.1830 and 7.2030 against Chinese Yuan (CNH). In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.06.19 19:14

GBP/USD pressured ahead of BOE - BBH

GBP/USD is trading heavy near key support at 1.3400. Bank of England is widely expected to keep rates steady at 4.25% (12:00pm London), BBH FX analysts report.
New
update2025.06.19 19:10

USD/JPY: Likely to trade between 144.40 and 145.50 - UOB Group

US Dollar (USD) is likely to trade between 144.40 and 145.50 against Japanese Yen (JPY). In the longer run, there has been a tentative buildup in momentum; for a sustained advance, USD must first break and hold above 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.06.19 19:04

 USD/JPY Price Forecast: Bulls are testing key 145.35, aiming for higher levels

The US Dollar is faring better than the Japanese Yen in the current risk-averse scenario, with geopolitical concerns driving markets, which keeps the USD/JPY trending higher, with bulls testing resistance at the 145.35 level.Investors' fears of an escalation of the Middle East conflict have been boo
New
update2025.06.19 18:56

ECB's Nagel: We're on the right track when it comes to monetary policy

European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Thursday, "we're on the right track when it comes to monetary policy."
New
update2025.06.19 18:50

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel