Much of world economy has coped better than expected with tariffs, SNB chairman says

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2026-02-24 18:46:44

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Much of world economy has coped better than expected with tariffs, SNB chairman says

Reuters

Wed, February 25, 2026 at 3:15 AM GMT+9 1 min read

ZURICH, Feb 24 (Reuters) - U.S. tariffs and uncertainty have weighed ‌on global economic growth, ‌but many parts of the economy have proved more resilient than expected, Swiss National Bank Chairman Martin Schlegel said on Tuesday.

Speaking ‌in Zurich, ⁠Schlegel said about one in four Swiss companies ⁠surveyed by the central bank have been negatively affected by the tariffs. Nearly one in three firms ‌had opted not to take any measures in response to the tariffs, he added.

Schlegel also noted that inflationary pressures in ‌Switzerland have barely changed.

Swiss inflation has remained low at the start ‌of 2026, with a reading of 0.1% in January at the bottom end of the SNB’s ‌0-2% target range for annual inflation.

(Reporting by John RevillEditing by Dave Graham)

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