Swiss inflation aligns with expectations, uncertainty persists

The Chair of the Swiss National Bank (SNB), Andrea Schlegel, says that Swiss inflation is currently following expected trends. However, the future of inflation remains uncertain. The main concern is that there could be more downside risks ahead. Inflation in Switzerland continues to be mainly driven by domestic services. Officials plan to keep an eye on the situation and will adjust their policy if needed. Vice Chair Martin mentioned that inflation is likely to gradually decrease over the coming months, especially in Europe. Martin also warned that increasing trade barriers could hurt global economic growth. Policymaker Tschudin pointed out that developments outside of Switzerland pose the biggest risks. The overall economic situation in Switzerland has become much less certain. These comments reflect similar concerns voiced by other major central banks. The SNB's statements today help reinforce their current policy decisions. There are no plans to consider negative interest rates at this time. Meanwhile, the value of the Swiss franc against the U.S. dollar has risen by 0.4%, reaching 0.8810.