EUR News
LAST UPDATE: June 25, 2025
Swedish central bank open to cut but uncertainty high, minutes show
The Riksbank held its interest rate at 2.25% in March and minutes reveal that policymakers remain ready to cut further if inflation drops, though global trade uncertainties warrant caution.
Insight
The Riksbank’s stance demonstrates a data-driven policy approach amid volatility—willing to ease further, but wary of international trade shocks.
Swiss See 10% US Tariffs to Stay After July 9 If Still in Talks
The Swiss government expects a 10% U.S. reciprocal tariff (currently temporarily lowered from 31%) to remain beyond July 9 unless trade negotiations achieve a deal.
Insight
Switzerland faces prolonged uncertainty from U.S. trade policy. Persistent tariffs may incentivize deeper integration with the EU as firms seek alternative frameworks.
Switzerland Seeks Defense Cooperation With EU in New Talks
Switzerland is launching non-binding, exploratory talks with the EU to participate in arms procurement projects—consistent with its neutrality and aimed at strengthening domestic defense capabilities.
Insight
This marks a step in Switzerland’s evolving defense policy—despite neutrality, it sees value in pooling resources and expertise with the EU to modernize its military industry.
Turkey, US defence cooperation would help in hitting trade targets, Erdogan says
President Erdogan told Trump that deeper defense-industry cooperation between the U.S. and Turkey would support their ambition to reach a $100 billion bilateral trade target, including energy and investment partnerships.
Insight
Erdogan frames defense collaboration as economically strategic, using military ties to boost trade ambitions—indicating Ankara’s focus on leveraging geopolitics for economic gain.
