"Switzerland's Unexpected Interest Rate Cut"

Switzerland's central bank unexpectedly cut interest rates, moving its policy deeper into negative territory in an effort to counter the impact of the strong Swiss franc on the economy. The Swiss National Bank reduced its policy rate to -0.75% from -0.50%, surprising markets and sending the franc lower against the euro and the dollar. The move comes amid concerns about the global economic outlook and the potential for a slowdown in Switzerland's export-driven economy.