Q2 2025 – Quarterly Report: Economy and Markets

What happened in the second quarter of 2025?

  • Switzerland: SNB implemented a further rate cut, officially bringing rates down to 0%
  • Trump: announced a broad package of tariffs during “Liberation Day”
  • Europe: signs of economic stabilization observed, with PMIs showing a slight improvement

These are just some of the themes that characterized the second quarter of 2025. Discover more details and other insights by browsing through our quarterly report!


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