- But if necessary, we are ready to use all tools
- Switzerland has very high tariffs, can be challenging for companies
- A large part of the economy is not affected by tariffs
- So, tariffs impact as a whole is limited
- We are not speaking about reintroducing a minimum exchange rate
- The situation is different to 2011
He's playing down the potential for another rate cut this year but as mentioned before, it's all going to be subject of how the Swiss franc fares in the coming weeks/months. For now at least, they're still going to buy as much time as they can to avoid the negative interest rate subject.
