Inflationary pressures have fallen sharply in Switzerland, says Jordan, and the SNB is ready to cut rates again.

In terms of annual data, Swiss GDP grew by 0% in the fourth quarter..6%, compared with the third quarter of the revised data of 0.4% increase。

ECB in addition to raising interest rates 0.5 per cent, also reiterating that the eurozone banking sector remains sound, with abundant capital and liquidity.。

On Thursday, Credit Suisse said it would take action to shore up its finances.。Specifically, Credit Suisse will borrow 50 billion francs ($53.7 billion) from the SNB liquidity facility.。