【Analysis: Despite Trump's tariffs, the central bank is unlikely to lower interest rates below zero】Golden Finance reports that Karsten Junius, an analyst at asset management company J. Safra Sarasin Sustainable, stated that despite the high trade tariffs imposed by the United States causing a serious blow to the Swiss economy, the Swiss central bank is unlikely to lower interest rates below zero. The Swiss central bank lowered the benchmark interest rate to zero in June this year due to strong demand for the Swiss franc, which offset the adverse factors facing the country's main export products. President Trump announced that he would unexpectedly impose a high tariff of 39% on goods imported from Switzerland, which increased these adverse factors. However, despite the impact of the tariffs, the Swiss central bank is likely reluctant to lower interest rates into negative territory. Inflation in Switzerland has exceeded expectations, and the zero interest rate policy has stimulated economic activity. Meanwhile, further rate cuts would only add fuel to the U.S. accusations against the Swiss central bank for intervening in exchange rates.