--- title: "瑞银经济学家：瑞士央行需要更多通缩迹象才会进一步降息" description: "瑞银经济学家弗兰齐丝卡·费舍尔表示，瑞士央行在中期通缩压力不足的情况下，可能不会进一步降息。她认为，瑞士央行认为通胀前景符合价格稳定目标，且关税冲击对经济增长的影响温和。若考虑负利率，需满足瑞士经济前景显著走弱、欧洲央行降息以缩小利差及持续的瑞郎升值压力等三个条件。10 月份瑞士通胀率微降至 0.1%。" type: "news" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/264034075.md" published_at: "2025-11-03T13:12:37.000Z" --- # 瑞银经济学家：瑞士央行需要更多通缩迹象才会进一步降息 > 瑞银经济学家弗兰齐丝卡·费舍尔表示，瑞士央行在中期通缩压力不足的情况下，可能不会进一步降息。她认为，瑞士央行认为通胀前景符合价格稳定目标，且关税冲击对经济增长的影响温和。若考虑负利率，需满足瑞士经济前景显著走弱、欧洲央行降息以缩小利差及持续的瑞郎升值压力等三个条件。10 月份瑞士通胀率微降至 0.1%。 瑞银经济学家弗兰齐丝卡·费舍尔在报告中表示，瑞士央行可能不会再次降息，因为其预计中期通缩压力不足。她指出：“我们的解读是，瑞士央行目前认为通胀前景与价格稳定目标相符，并认为关税冲击对经济增长的影响将是温和的。” 费舍尔还指出，瑞士央行若考虑负利率，需要同时出现三个条件：瑞士经济前景显著走弱、欧洲央行进一步降息以缩小利差，以及持续的瑞郎升值压力，这些因素合计会显著恶化中期通胀前景。瑞士 10 月份通胀率从 9 月份的 0.2% 微降至 0.1%。 ### Related Stocks - [UBS.US - 瑞银集团](https://longbridge.com/zh-CN/quote/UBS.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | REG - UBS AG - Post Stabilisation Notice UBS 5NC4 / 11NC10 HoldCo | UBS Group AG has issued a Post-Stabilisation Notice indicating that no stabilisation was undertaken by the Stabilising M | [Link](https://longbridge.com/zh-CN/news/275620569.md) | | UBS CEO Ermotti: Key priority for 2026 is to complete integration, after complex migration done over the weekend | UBS CEO Ermotti: Key priority for 2026 is to complete integration, after complex migration done over the weekend | [Link](https://longbridge.com/zh-CN/news/275341129.md) | | UBS plans to hire 3,000 new roles in India as it axes jobs in Switzerland | UBS plans to hire up to 3,000 employees in India, coinciding with the elimination of 3,000 jobs in Switzerland due to it | [Link](https://longbridge.com/zh-CN/news/275638242.md) | | Codeifai Enters AI-Backed Quantum Security Market | Codeifai Ltd :CODEIFAI ENTERS AI-BACKED QUANTUM SECURITY MARKETCOMPLETION OF ACQUISITION OF ANTENNATRANSFER.IOTOTAL CONS | [Link](https://longbridge.com/zh-CN/news/276015719.md) | | UBS to hire 50 HK wealth bankers after record revenue year | UBS Group plans to hire 50 bankers for its wealth business in Hong Kong following record revenues in its North Asia weal | [Link](https://longbridge.com/zh-CN/news/275274670.md) | --- > **免责声明**：本文内容仅供参考，不构成任何投资建议。