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Swiss Central Bank Vice President: Switzerland may avoid deflation
Jin10 data reported on August 27, the Vice President of the Swiss Central Bank, Martin, stated that despite the uncertainty of tariffs facing the Swiss economy, the country may avoid deflation. He also mentioned that due to the side effects of negative interest rates, policymakers will continue to impose a higher threshold for further cuts in borrowing costs. "At this stage, we do not see any risk of deflation developing, and our estimates show that inflation will surge in the coming quarters. The inflation dynamics in Switzerland are unlikely to be severely affected by the recent movements of the dollar."