CCY - Delayed Quote • EUR CHF/EUR (CHFEUR=X) Follow 1.0245 -0.0043 (-0.42%) As of 5:56 PM GMT+1. Market Open. All News Press Releases Switzerland's Surprise Rate Cut Hits the Franc The Swiss franc slid on Thursday after Switzerland surprised markets by becoming the first major central bank to cut interest rates. Swiss government bond yields fell. The Swiss National Bank cited the retreat in inflation for the quarter-point cut to its policy rate. Top Swiss Central Banker Thomas Jordan to Step Down Switzerland's top central banker is stepping down later this year, ending a 12-year tenure marked by dramatic currency moves, radical monetary policy, and the failure of one of the country’s biggest banks.
