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SNB Chief Warns Switzerland’s Vulnerability to US Trade Conflict
SNB Chief Warns Switzerland’s Vulnerability to US Trade Conflict
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Swiss National Bank President Martin Schlegel delivered a stark warning at the institution’s annual shareholder meeting in Bern. Switzerland’s small, open economy faces disproportionate risks from escalating US trade tensions, he said, with new tariffs disrupting global markets and supply chains.
The SNB now confronts dual monetary policy challenges: stabilizing the franc amid capital inflows while mitigating imported inflation from trade disruptions. Schlegel’s remarks underscore how protectionist measures are forcing nations to reevaluate economic alliances—a trend that could accelerate decentralized finance adoption as traditional systems fragment.
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