瑞士经济快速增长降低负利率的可能性

Core Viewpoint - The strong economic growth in Switzerland during the first quarter of the year reduces the likelihood of the Swiss National Bank lowering interest rates into negative territory after a potential cut to zero [1] Economic Growth - Switzerland's GDP grew by 0.7% in the first quarter, marking the fastest growth since the beginning of 2023 [1] - This growth is not attributed to pre-tariff stockpiling behaviors seen in Ireland and other European countries, as indicated by the Swiss National Bank's data showing a narrowing trade surplus in January and February [1] Future Outlook - Despite the current growth, there are concerns that trade uncertainties may slow down growth in the future, although it is expected to remain stronger than that of peers [1] - The cooling of inflation, along with increased household spending and real income, is anticipated to provide support for the economy [1]