Small font size A Larger text size A Largest text size A

SNB's Schlegel says U.S. tariffs present 'major challenge' to economy

BY Reuters | ECONOMIC | 09/25/25 04:00 AM EDT

ZURICH, Sept 25 (Reuters) - U.S. tariffs are a "major challenge" and will likely dampen economy activity, Swiss National Bank Chairman Martin Schlegel said on Thursday after the central bank held its interest rates at 0%.

"Against this backdrop, our monetary policy is supporting economic development, " said Schlegel, in remarks prepared for a press conference, although he noted uncertainty currently remained high. (Reporting by John Revill, editing by Rachel More)

More Fixed Income News

Fed Guaranteed To Cut Interest Rates? Polymarket, Kalshi Bettors Expect Nearly 100% Chance As Jerome Powell Takes Center Stage BY Benzinga |ECONOMIC 05:10 AM EST
INDIA RUPEE-Indian rupee dips after choppy trading, Fed's rate decision in focus BY Reuters |ECONOMIC 05:06 AM EST
Greek industrial output rises 6.4% y/y in October BY Reuters |ECONOMIC 05:06 AM EST
Germany's 10 year yield hits fresh nine-month high, Fed in focus BY Reuters |ECONOMIC 05:04 AM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article