"Swiss National Bank Surprises with Interest Rate Cut, Defying Global Trends"
Swiss National Bank (SNB) chairman Thomas Jordan stated that the rate cut is not a parting gift and emphasized the independence of their decisions from other central banks. The SNB does not provide forward guidance on future interest rates and will reassess the situation in three months. Despite the franc's recent weakening, the SNB may intervene to stabilize the currency if necessary, as they did last year to control imported inflation.