Why Switzerland Surprised Markets With Another Interest-Rate Cut

The Swiss National Bank surprised investors by cutting interest rates for the second time this year, causing a drop in the value of the Swiss franc. The currency fell against both the dollar and the euro. Meanwhile, Norway’s central bank opted to keep its policy rate unchanged, leading to a slight increase in the value of the krona against the dollar. The Bank of England is expected to announce its policy decision later today, and the pound has experienced a slight decline against the dollar.