🇨🇭 Switzerland — Weekly Briefs

Swiss Inflation Eases to 0.5% YoY in June; US Trade Pledges Reaffirmed

Inflation in Switzerland slowed to 0.5% year-on-year in June, released early July, supporting the SNB's accommodative stance. The Federal Council on June 29 reaffirmed commitments under the 2025 US joint statement on tariffs, advancing formalization efforts during the president's North American visit. The SNB's July 2 Financial Stability Report highlighted strong bank capitalization, particularly at UBS. Equity markets showed modest gains amid ongoing trade negotiations.