On the 20th, the Swiss National Bank once again announced a 25 basis point cut in interest rates to 1.25%. This is the Swiss central bank's second interest rate cut this year. Swiss National Bank President Thomas Jordan stated that Swiss inflationary pressures have slightly eased, the Swiss franc has strengthened, and global uncertainty has increased. In view of the current environment, the Swiss central bank decided to cut interest rates by 25 basis points. The Swiss central bank is also prepared to intervene in the foreign exchange market when necessary. Previously, the Swiss central bank announced a 25 basis point interest rate cut to 1.50% on March 21, making it the first developed economy to announce an interest rate cut this year.