Swiss central bank says tariffs are a 'major challenge' as deal with U.S. remains elusive
1. Swiss tariffs pose major challenges for exporters to the U.S. 2. SNB holds interest rates at 0% amid growing economic uncertainty. 3. Exports and investments in Switzerland expected to decline significantly. 4. Economic growth forecast downgraded to just under 1% for 2026. 5. Machinery and watchmaking industries most affected by tariff levies.