Much of world economy has coped better than expected with tariffs, SNB chairman says
Reuters·2026-02-24 18:15
Group 1 - The global economy has shown more resilience than expected despite the impact of U.S. tariffs and uncertainty, according to Swiss National Bank Chairman Martin Schlegel [1] - Approximately 25% of Swiss companies surveyed reported being negatively affected by tariffs, while nearly 33% chose not to take any measures in response [2] - Inflation in Switzerland has remained low, with a January reading of 0.1%, at the lower end of the SNB's target range of 0-2% for annual inflation [2] Group 2 - UBS has promoted Lisa Golia to lead its U.S. wealth management advisers, effective March 1, after serving as chief operating officer for the business for the past two years [5]