Planned US tariffs on certain pharma products could increase downside risk for the economyThe SNB will continue to observe the situation and adjust monetary policy where necessaryInflation is expected to rise slightly in the coming quartersEconomic uncertainties remain highThere's nothing new here from Schegel. The SNB is expected to remain on hold for a long time. They've already said many times that the bar to go back to NIRP (negative interest rate policy) is very high. They will need significant negative shocks to the economy to go down that route. This article was written by Giuseppe Dellamotta at investinglive.com.