07:56 AM EDT, 04/09/2025 (MT Newswires) -- Due to the new United States trade tariffs, UBS is reducing its

growth forecast for Switzerland, adjusted for sporting events, from 1.5% to 1.0% this year and from 1.7% to 1.2% in 2026.

In the bank's base scenario, it assumes that tariffs will be

lowered from current levels following negotiations.

Should tariffs remain in place for a longer period, growth could fall below 1% in Switzerland, stated UBS.

The bank expects the Swiss franc to stabilize, particularly

against the euro, and anticipates the Swiss central bank (SNB) policy rate to remain unchanged at 0.25%.

However, if the franc continues to appreciate, a further rate

cut by the SNB would become more likely, added UBS.