Urgent.. The Swiss National Bank concludes the year's meetings with a decision to lower the interest rate to 0.5%.

The Monetary Policy Committee of the Swiss National Bank decided on Thursday morning, after completing its last meeting of 2024, to reduce the interest rate by 50 basis points during the upcoming December meeting, bringing the rate to 0.5%. This decrease was greater than market expectations, which had anticipated a smaller rate cut of about 25 basis points.

Short-term interest rates are one of the most important factors for measuring the strength of a currency, as traders look forward to the results of other indicators to predict how the rates may change in the future. The Swiss National Bank typically announces target interest rates for Swiss franc deposits. The target rates are set according to the average price level, and the interest rate decision is made based on monetary policy decisions and their subsequent outcomes.

It is worth noting that the U.S. Treasury classified Vietnam and Switzerland as currency-manipulating countries, while China and nine other countries were placed on a watch list in an annual report aimed at preventing countries from manipulating their currencies for unfair trade advantages.