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International Business Times

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AFP News

Swiss Central Bank Announces Big Rate Cut To Boost Economy

Donald Trump SNB Economy Inflation Europe Euro the Swiss National Bank

The SNB rate cut sent the Swiss franc falling 0.3 percent against the dollar and the euro (Credit: AFP)

The Swiss central bank announced an unexpectedly large interest-rate cut on Thursday, citing rising "uncertainty" about the economic outlook due to the potential impact of Donald Trump's policies and political turmoil in Europe.

The Swiss National Bank (SNB) lowered its main rate by a half-percentage-point to 0.5 percent, its fourth cut since March as inflation has slowed in the country.

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