SNB’s Tschudin: Swiss economic outlook has deteriorated significantly due to US tariffs

Swiss National Bank (SNB) governing board member Petra Tschudin is addressing the post-policy meeting press conference on Thursday, explaining the reasons behind the interest rate hold decision.

Key quotes

Swiss economic outlook has deteriorated significantly due to US tariffs.

Unemployment likely to rise .

Watchmakers and machinery builders particularly hard hit.

Swiss economic outlook uncertain.

 Impact on other sectors, including services, so far limited.

Main risk for Switzerland is the US trade policy.