US trade policy continues to pose headwinds for the global economy, putting pressure on Swiss exports and investments. At the same time, the Swiss franc’s recent strength and muted domestic activity are keeping inflation subdued; we forecast just 0.2% for 2025. In this environment, we believe another SNB rate cut to 0% in June is likely, and negative rates cannot be ruled out. What could such a policy move mean for the Swiss economy, the franc, and the real estate market?

Our speakers

Maxime Botteron, CIO Economist

Constantin Bolz, CIO FX Strategist

Thomas Veraguth, CIO Real Estate Strategist

Moderation: Belinda Peeters, CIO Investment Communications

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