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For your information, you can find below the description of the video SNB President on Interest Rate Decision, Trump Tariffs, Gold, Crypto published by the Youtube channel Bloomberg Television:
Swiss National Bank President Martin Schlegel discusses the central bank's decision to lower its benchmark rate by a quarter point to 0.25%, as well as the potential risks that geopolitical and fiscal uncertainty could have on the Swiss economy. He also talks about the SNB's lack of intervention in foreign exchange markets in 2024, potential tariffs coming from Donald Trump's administration, and gold. Speaking to Bloomberg's Bastian Benrath-Wright, Schlegel also says the SNB doesn't plan to buy crypto assets.
00:00 - SNB President on interest rate decision, reasoning behind interest rate cut
02:37 - SNB President on intervention on foreign exchange markets, FX, currency manipulation
03:45 - Schlegel on Donald Trump's tariffs, trade uncertainty, geopolitics
04:30 - Schlegel on gold, central banks, reserves
05:14 - Swiss National Bank's position on crypto, Bitcoin
06:38 - Schlegel on UBS, banking, full capitalization of units
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