"Swiss National Bank's Unexpected Rate Cut Outpaces Global Peers"

The Swiss National Bank surprised markets by cutting its main interest rate by 25 basis points to 1.50%, making it the first major central bank to ease monetary policy aimed at tackling inflation. This move, the first rate cut in nine years, comes as Swiss inflation dipped to 1.2% in February, within the SNB's 0-2% target range. The decision sent the Swiss franc to an eight-month low against the euro, with analysts expecting more cuts ahead and the central bank dialing down its inflation forecasts.