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flag Swiss National Bank says it's unlikely to reinstate negative interest rates due to their impact on savers.

flag Swiss National Bank (SNB) Chairman Martin Schlegel says the bank is unlikely to reintroduce negative interest rates due to their negative impact on savers and pension funds. flag The SNB cut its policy rate to zero in June to combat low inflation and is expected to keep rates steady at its next meeting. flag Schlegel also commented on the uncertainty caused by U.S. tariffs on Swiss imports, which could affect the economy, especially exports.

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