The Swiss central bank announced an unexpectedly large interest-rate cut on Thursday, citing rising "uncertainty" about the economic outlook due to the potential impact of Donald Trump's policies and political turmoil in Europe. In particular, the future course of economic policy in the US is still uncertain, and political uncertainty has also risen in Europe," it said.

The Swiss central bank announced an unexpectedly large interest-rate cut on Thursday, citing rising "uncertainty" about the economic outlook due to the potential impact of Donald Trump's policies and political turmoil in Europe. In particular, the future course of economic policy in the US is still uncertain, and political uncertainty has also risen in Europe," it said.