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Enable accessibility Menu Menu * World SECTIONS Mideast Wars Israel-Hamas War Russia-Ukraine War Global Elections ESPAÑOL China Asia Pacific Latin America TOP STORIES * A couple hundred North Korean troops killed, wounded in battles with Ukrainian forces * A top Russian general is killed in a Moscow bombing claimed by Ukraine * Israel's borders have shifted throughout its history. Action in Syria may reshape them again Newsletters The Morning Wire Our flagship newsletter breaks down the biggest headlines of the day. The Afternoon Wire Get caught up on what you may have missed throughout the day. See All Newsletters * U.S. TOP STORIES * Suspect charged with killing UnitedHealthcare's CEO as an act of terrorism * Key details about the man accused of killing UnitedHealthcare's CEO * Community members wrestle with grief in aftermath of Wisconsin school shooting Newsletters The Morning Wire Our flagship newsletter breaks down the biggest headlines of the day. 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A faltering year of talks brings up questions about the process * Health TOP STORIES * Most US teens are abstaining from drinking, smoking and marijuana, survey says * Who wants a pig organ? 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Este perro callejero color caramelo es el nuevo ícono de Brasil * Aumentan ventas de búnkeres nucleares en EEUU, pese a advertencias de expertos de que no protegen * La UE otorga el premio Sájarov a líderes opositores venezolanos * Netanyahu: tropas israelíes ocuparán una zona de contención dentro de Siria por el futuro previsible * Instalaciones fronterizas de EEUU para niños migrantes mejoran, pero se necesita más, dice informe * Quizzes * AP Buyline Personal Finance * AP Buyline Shopping * Press Releases * My Account * ... * World * Mideast Wars * Israel-Hamas War * Russia-Ukraine War * Global Elections * ESPAÑOL * China * Asia Pacific * Latin America * Europe * Africa * Middle East * Australia * U.S. * Politics * Election 2024 * Results * Trump transition * AP VoteCast * AP Race Call Explainers * Explaining 2024 * En Español * Sports * AP Top 25 * NFL * NBA * NHL * Men’s College Basketball * Women’s College Basketball * MLB * Auto Racing * Soccer * Entertainment * Movie Reviews * What to Stream * Television * Book Reviews * Music * Celebrity Interviews * Business * Inflation * Financial Markets * Financial Wellness * Technology * Science * Space * Animals * The Ancient World * Climate * Medicine * Fact Check * Oddities * Be Well * Newsletters * Photography * 2024 YEAR END PHOTOS * Photo Essays * Photography * The Americans * AP Investigations * Climate * Indigenous peoples and climate * Climate Questions * Climate Migration * India Focus * Health * Tech * Artificial Intelligence * Social Media * Lifestyle * 2024 Holiday gift guide * Food & Recipes * Gardening * Homes * Travel * Fashion * Pets * Religion * Español * Quizzes * AP Buyline Personal Finance * AP Buyline Shopping * Press Releases * My Account Search Query Submit Search Show Search Submit Search * World Mideast Wars Israel-Hamas War Russia-Ukraine War Global Elections ESPAÑOL China Asia Pacific Latin America Europe Africa Middle East Australia SECTIONS Mideast Wars Israel-Hamas War Russia-Ukraine War Global Elections ESPAÑOL China Asia Pacific Latin America TOP STORIES * A couple hundred North Korean troops killed, wounded in battles with Ukrainian forces * A top Russian general is killed in a Moscow bombing claimed by Ukraine * Israel's borders have shifted throughout its history. Action in Syria may reshape them again Newsletters The Morning Wire Our flagship newsletter breaks down the biggest headlines of the day. The Afternoon Wire Get caught up on what you may have missed throughout the day. See All Newsletters * U.S. TOP STORIES * Suspect charged with killing UnitedHealthcare's CEO as an act of terrorism * Key details about the man accused of killing UnitedHealthcare's CEO * Community members wrestle with grief in aftermath of Wisconsin school shooting Newsletters The Morning Wire Our flagship newsletter breaks down the biggest headlines of the day. The Afternoon Wire Get caught up on what you may have missed throughout the day. See All Newsletters * Politics Election 2024 Results Trump transition AP VoteCast AP Race Call Explainers Explaining 2024 En Español SECTIONS Election 2024 Results Trump transition AP VoteCast AP Race Call Explainers Explaining 2024 En Español TOP STORIES * Musk and Trump are viewed roughly the same by Americans, an AP-NORC poll finds * Congress unveils funding deal with more than $100 billion in disaster aid * After investigating Jan. 6, House GOP sides with Trump and goes after Liz Cheney Newsletters Ground Game Exclusive insights and key stories from the world of politics. See All Newsletters * Sports AP Top 25 NFL NBA NHL Men’s College Basketball Women’s College Basketball MLB Auto Racing Soccer SECTIONS AP Top 25 NFL NBA NHL Men’s College Basketball Women’s College Basketball MLB Auto Racing TOP STORIES * Giannis, Bucks use 3-point barrage to beat Thunder 97-81 for NBA Cup title * Falcons name rookie Michael Penix Jr. as starting QB, benching veteran Kirk Cousins * New York Yankees acquire outfielder Cody Bellinger from Cubs for pitcher Cody Poteet Newsletters AP Top 25 Poll Alerts Get email alerts for every college football Top 25 Poll release. The Sports Wire Your home base for in-depth reporting from the world of sports. See All Newsletters * Entertainment Movie Reviews What to Stream Television Book Reviews Music Celebrity Interviews SECTIONS Movie Reviews What to Stream Television Book Reviews Music Celebrity Interviews TOP STORIES * Megan Thee Stallion seeks restraining order, says imprisoned Tory Lanez continues to harass her * Forget soccer and samba. This caramel-colored street dog is Brazil's new national icon * How the Roxies are made: Behind the iconic role in Broadway's megahit 'Chicago' * Business Inflation Financial Markets Financial Wellness Technology SECTIONS Inflation Financial Markets Financial Wellness Technology TOP STORIES * Musk and Trump are viewed roughly the same by Americans, an AP-NORC poll finds * Retail sales rose at healthy pace last month in latest sign of US economy's health * Americans end 2024 with grim economic outlook, but Republicans are optimistic for 2025: AP-NORC poll * Science Space Animals The Ancient World Climate Medicine SECTIONS Space Animals The Ancient World Climate Medicine TOP STORIES * Astronautas de la NASA tendrán que esperar más tiempo en el espacio; posponen su retorno hasta marzo * Dos estrellas podrían estar orbitando cerca de un agujero negro supermasivo en la Vía Láctea * Neandertales y humanos interactuaron hace unos 45.000 años, dicen científicos * Fact Check * Oddities * Be Well TOP STORIES * Are you catching holiday blues instead of cheer? Here are some ways to find peace * Stay sober and have a jolly holiday season with these expert tips * Working Well: When holidays present rude customers, taking breaks and the high road preserve peace * Newsletters Newsletters AP News Alerts Keep your pulse on the news with breaking news alerts from The AP. The Morning Wire Our flagship newsletter breaks down the biggest headlines of the day. Ground Game Exclusive insights and key stories from the world of politics. Beyond the Story Executive Editor Julie Pace brings you behind the scenes of the AP newsroom. AP Top 25 Poll Alerts Get email alerts for every college football Top 25 Poll release. AP Top 25 Women's Basketball Poll Alerts Women's college basketball poll alerts and updates. See All Newsletters * Photography 2024 YEAR END PHOTOS Photo Essays Photography The Americans SECTIONS 2024 YEAR END PHOTOS Photo Essays Photography The Americans TOP STORIES * Associated Press 100 Photos of 2024: An epic catalog of humanity * See entertainment's biggest moments in 2024, through the lens of Associated Press photographers * AP's top sports photos of the year are worth a close look Newsletters The World in Pictures Get The AP’s most compelling photographs sent directly to your inbox. See All Newsletters * AP Investigations * Climate Indigenous peoples and climate Climate Questions Climate Migration India Focus SECTIONS Indigenous peoples and climate Climate Questions Climate Migration India Focus TOP STORIES * Global demand spurring Indonesia's mining boom comes at a cost for many communities * From destruction to deadly heat, Associated Press photographers capture climate change in 2024 * Can U.N. summits save the planet? A faltering year of talks brings up questions about the process * Health TOP STORIES * Most US teens are abstaining from drinking, smoking and marijuana, survey says * Who wants a pig organ? Patients sick and tired of waiting years for a transplant * A transplanted pig kidney has freed her from eight years of dialysis * America is trying to fix its maternal mortality crisis with federal, state and local programs * Europe offers clues for solving America's maternal mortality crisis * Rural communities of color across the US find new ways to get the health care they need * Tech Artificial Intelligence Social Media SECTIONS Artificial Intelligence Social Media TOP STORIES * Musk and Trump are viewed roughly the same by Americans, an AP-NORC poll finds * What does Big Tech hope to gain from warming up to Trump? * EU investigates TikTok over Romanian presidential election safeguards * Lifestyle 2024 Holiday gift guide Food & Recipes Gardening Homes Travel Fashion Pets SECTIONS 2024 Holiday gift guide Food & Recipes Gardening Homes Travel Fashion Pets TOP STORIES * Event promoters, hotels and lodging sites soon will have to disclose extra fees up front * Most US teens are abstaining from drinking, smoking and marijuana, survey says * A step-by-step guide to renovating a neglected garden * Religion TOP STORIES * Community members wrestle with grief in aftermath of Wisconsin school shooting * Deadly violence in Nigeria linked to breakup of United Methodist Church over LGBTQ policies * Former Church of England leader resigns as priest after claims he mishandled an abuse case Newsletters World of Faith Comprehensive global coverage of how religion shapes our world. See All Newsletters * Español TOP STORIES * Olvide el fútbol y la samba. Este perro callejero color caramelo es el nuevo ícono de Brasil * Aumentan ventas de búnkeres nucleares en EEUU, pese a advertencias de expertos de que no protegen * La UE otorga el premio Sájarov a líderes opositores venezolanos * Netanyahu: tropas israelíes ocuparán una zona de contención dentro de Siria por el futuro previsible * Instalaciones fronterizas de EEUU para niños migrantes mejoran, pero se necesita más, dice informe * Quizzes * AP Buyline Personal Finance * AP Buyline Shopping * Press Releases * My Account * * The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. 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DONATE Business SWISS CENTRAL BANK MAKES A SURPRISE CUT TO ITS KEY INTEREST RATE AS OTHERS HOLD STEADY SWISS CENTRAL BANK MAKES A SURPRISE CUT TO ITS KEY INTEREST RATE AS OTHERS HOLD STEADY 1 of 4 | Swiss National Bank’s (SNB) Chairman of the Governing Board, Thomas Jordan, gestures during a press briefing at the Swiss National Bank in Zurich, Switzerland, Thursday, March 21, 2024. (Michael Buholzer/Keystone via AP) Read More 2 of 4 | Swiss National Bank’s (SNB) Chairman of the Governing Board, Thomas Jordan, speaks during a press briefing at the Swiss National Bank in Zurich, Switzerland, Thursday, March 21, 2024. (Michael Buholzer/Keystone via AP) Read More 3 of 4 | Swiss National Bank’s (SNB) Chairman of the Governing Board, Thomas Jordan, gestures during a press briefing at the Swiss National Bank in Zurich, Switzerland, Thursday, March 21, 2024. (Michael Buholzer/Keystone via AP) Read More 4 of 4 | Swiss National Bank’s (SNB) Vice Chairman of the Governing Board, Martin Schlegel, speaks during a press briefing at the Swiss National Bank in Zurich, Switzerland, Thursday, March 21, 2024. (Michael Buholzer/Keystone via AP) Read More Swiss central bank makes a surprise cut to its key interest rate as others hold steady 1 of 4 | Swiss National Bank’s (SNB) Chairman of the Governing Board, Thomas Jordan, gestures during a press briefing at the Swiss National Bank in Zurich, Switzerland, Thursday, March 21, 2024. (Michael Buholzer/Keystone via AP) Read More 1 of 4 Swiss National Bank’s (SNB) Chairman of the Governing Board, Thomas Jordan, gestures during a press briefing at the Swiss National Bank in Zurich, Switzerland, Thursday, March 21, 2024. (Michael Buholzer/Keystone via AP) Share Share * Copy Link copied * Email * Facebook * X * Reddit * LinkedIn * Pinterest * Flipboard * Print Read More 2 of 4 | Swiss National Bank’s (SNB) Chairman of the Governing Board, Thomas Jordan, speaks during a press briefing at the Swiss National Bank in Zurich, Switzerland, Thursday, March 21, 2024. (Michael Buholzer/Keystone via AP) Read More 2 of 4 Swiss National Bank’s (SNB) Chairman of the Governing Board, Thomas Jordan, speaks during a press briefing at the Swiss National Bank in Zurich, Switzerland, Thursday, March 21, 2024. (Michael Buholzer/Keystone via AP) Share Share * Copy Link copied * Email * Facebook * X * Reddit * LinkedIn * Pinterest * Flipboard * Print Read More 3 of 4 | Swiss National Bank’s (SNB) Chairman of the Governing Board, Thomas Jordan, gestures during a press briefing at the Swiss National Bank in Zurich, Switzerland, Thursday, March 21, 2024. (Michael Buholzer/Keystone via AP) Read More 3 of 4 Swiss National Bank’s (SNB) Chairman of the Governing Board, Thomas Jordan, gestures during a press briefing at the Swiss National Bank in Zurich, Switzerland, Thursday, March 21, 2024. (Michael Buholzer/Keystone via AP) Share Share * Copy Link copied * Email * Facebook * X * Reddit * LinkedIn * Pinterest * Flipboard * Print Read More 4 of 4 | Swiss National Bank’s (SNB) Vice Chairman of the Governing Board, Martin Schlegel, speaks during a press briefing at the Swiss National Bank in Zurich, Switzerland, Thursday, March 21, 2024. (Michael Buholzer/Keystone via AP) Read More 4 of 4 Swiss National Bank’s (SNB) Vice Chairman of the Governing Board, Martin Schlegel, speaks during a press briefing at the Swiss National Bank in Zurich, Switzerland, Thursday, March 21, 2024. (Michael Buholzer/Keystone via AP) Share Share * Copy Link copied * Email * Facebook * X * Reddit * LinkedIn * Pinterest * Flipboard * Print Read More Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Updated 11:51 AM MEZ, March 21, 2024 Share Share * Copy Link copied * Email * Facebook * X * Reddit * LinkedIn * Pinterest * Flipboard * Print GENEVA (AP) — The Swiss National Bank said Thursday that it is trimming its key interest rate, a surprise move that makes Switzerland the first major financial center to announce a cut in recent months. Thomas Jordan, the outgoing SNB chairman, credited the central bank’s push to rein in inflation in the wealthy Alpine country. The cut of a quarter of a percentage point, to 1.5%, will apply as of Friday. “The easing of our monetary policy has been made possible because the fight against inflation over the past two and a half years has been effective,” he told reporters. “For some months now, inflation has been back below 2%, and thus in the range we equate with price stability,” Jordan added. “According to our new forecast, inflation is also likely to remain in this range over the next few years.” The move, which Swiss media said caught some by surprise, had an almost immediate effect on the Swiss franc, which dropped in value against the euro. The franc was trading at 1.02 euros Thursday, down from 1.03 euros a day earlier. In January, the Swiss currency was at all-time highs against the European currency — above 1.07 euros. Jordan said the Swiss central bank also was taking into account the appreciation of the franc in real terms over the past year and noted how the rate cut “supports economic activity.” Related Stories Bank of England cuts UK interest rates again despite modest budget-related inflation spike Higher energy bills push UK inflation to 6-month high in October Stock market today: Wall Street’s rally stalls as Nasdaq pulls back from its record It came a day after U.S. Federal Reserve officials signaled that they expect to cut their key interest rate three times this year, fueling a rally on Wall Street, even though they kept their benchmark rate unchanged for now — a fifth straight time. Similarly, the Bank of England is expected to show Thursday that it is inching toward cutting borrowing costs as price rises ease while holding its main interest rate steady at a 16-year high. “The Swiss National Bank is the first major central bank in the developed world to cut rates in this cycle,” analysts for ING bank said. They noted that the bank “is known for its sometimes unexpected decisions.” The ING analysts said they expected to see additional rate cuts in June and September. by Taboolaby Taboola Suggested For You Patrik Laine scores a hat trick in Montreal's 6-1 rout of Buffalo, extending Sabres' free fall Undo Ad Content Von der Idee zur Traumküche: Unsere Experten begleiten Sie auf dem Weg zur perfekten Küche! 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See All Newsletters * Sports AP Top 25 NFL NBA NHL Men’s College Basketball Women’s College Basketball MLB Auto Racing Soccer SECTIONS AP Top 25 NFL NBA NHL Men’s College Basketball Women’s College Basketball MLB Auto Racing TOP STORIES * Giannis, Bucks use 3-point barrage to beat Thunder 97-81 for NBA Cup title * Falcons name rookie Michael Penix Jr. as starting QB, benching veteran Kirk Cousins * New York Yankees acquire outfielder Cody Bellinger from Cubs for pitcher Cody Poteet Newsletters AP Top 25 Poll Alerts Get email alerts for every college football Top 25 Poll release. The Sports Wire Your home base for in-depth reporting from the world of sports. 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Here are some ways to find peace * Stay sober and have a jolly holiday season with these expert tips * Working Well: When holidays present rude customers, taking breaks and the high road preserve peace * Newsletters Newsletters AP News Alerts Keep your pulse on the news with breaking news alerts from The AP. The Morning Wire Our flagship newsletter breaks down the biggest headlines of the day. Ground Game Exclusive insights and key stories from the world of politics. Beyond the Story Executive Editor Julie Pace brings you behind the scenes of the AP newsroom. AP Top 25 Poll Alerts Get email alerts for every college football Top 25 Poll release. AP Top 25 Women's Basketball Poll Alerts Women's college basketball poll alerts and updates. See All Newsletters * Photography 2024 YEAR END PHOTOS Photo Essays Photography The Americans SECTIONS 2024 YEAR END PHOTOS Photo Essays Photography The Americans TOP STORIES * Associated Press 100 Photos of 2024: An epic catalog of humanity * See entertainment's biggest moments in 2024, through the lens of Associated Press photographers * AP's top sports photos of the year are worth a close look Newsletters The World in Pictures Get The AP’s most compelling photographs sent directly to your inbox. See All Newsletters * AP Investigations * Climate Indigenous peoples and climate Climate Questions Climate Migration India Focus SECTIONS Indigenous peoples and climate Climate Questions Climate Migration India Focus TOP STORIES * Global demand spurring Indonesia's mining boom comes at a cost for many communities * From destruction to deadly heat, Associated Press photographers capture climate change in 2024 * Can U.N. summits save the planet? 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Patients sick and tired of waiting years for a transplant * A transplanted pig kidney has freed her from eight years of dialysis * America is trying to fix its maternal mortality crisis with federal, state and local programs * Europe offers clues for solving America's maternal mortality crisis * Rural communities of color across the US find new ways to get the health care they need * Tech Artificial Intelligence Social Media SECTIONS Artificial Intelligence Social Media TOP STORIES * Musk and Trump are viewed roughly the same by Americans, an AP-NORC poll finds * What does Big Tech hope to gain from warming up to Trump? * EU investigates TikTok over Romanian presidential election safeguards * Lifestyle 2024 Holiday gift guide Food & Recipes Gardening Homes Travel Fashion Pets SECTIONS 2024 Holiday gift guide Food & Recipes Gardening Homes Travel Fashion Pets TOP STORIES * Event promoters, hotels and lodging sites soon will have to disclose extra fees up front * Most US teens are abstaining from drinking, smoking and marijuana, survey says * A step-by-step guide to renovating a neglected garden * Religion TOP STORIES * Community members wrestle with grief in aftermath of Wisconsin school shooting * Deadly violence in Nigeria linked to breakup of United Methodist Church over LGBTQ policies * Former Church of England leader resigns as priest after claims he mishandled an abuse case Newsletters World of Faith Comprehensive global coverage of how religion shapes our world. 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DONATE Keep on reading Patrik Laine scores a hat trick in Montreal's 6-1 rout of Buffalo, extending Sabres' free fallPatrik Laine scored his first hat trick with Montreal and the Canadiens extended the Buffalo Sabres’ winless streak to 11 games with a 6-1 victory.AP News Undo City switcher: Clay Holmes confident and excited about move from bullpen to rotation with NY MetsAfter spending six years in the bullpen, Clay Holmes is confident he can become an effective starting pitcher for the New York Mets and he's excited about the change.AP News Undo Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soonFederal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards.AP News Undo Bedard scores in 3rd period as the Blackhawks beat the Islanders 5-3Connor Bedard scored with 54 seconds left and Arvid Soderblom made 30 saves, helping the Chicago Blackhawks beat the New York Islanders 5-3.AP News Undo ' ' ' ' ' ' The first winner of the Marta Award? Marta, of courseIt could only have been her. Marta has won the inaugural FIFA award for the best goal in women’s soccer. The award is named after the Brazil great.AP News Undo Die beste Decke für Sommer [Probieren Sie aus]Zelesta Decken bieten Komfort und Bequemlichkeit. Hypoallergen und antibakteriell. Testen Sie jetzt 30 Tage lang.Advertisement: Zelesta Mehr erfahren Undo Globales 3D-Weltraumspiel Baue deine Stadt und starte dein eigenes Weltraumimperium zu managen.Advertisement: XCraft Undo North Carolina's brutal schedule continues with games against No. 7 Florida, No. 18 UCLA up nextNorth Carolina continues one of the most daunting schedules in Division I basketball this week. The Tar Heels face No. 7 Florida in Charlotte in the Jumpman Invitational on Tuesday night, then head to Madison Square Garden on Saturday to face No. 18 UCLA, which is riding an eight-game winning streakAP News Undo Women's soccer players often have too many games or not enough, players' union saysGlobal players’ union FIFPRO says some elite-level women’s soccer players are dealing with a packed schedule even as others don’t have enough games to play.AP News Undo FCS College Football All-America, listThe All-America team is selected for the AP by a panel of sports information directors and sports writers who cover the FCS. 2024 AP FCS All-America Team FIRST-TEAM OFFENSEAP News Undo New York Yankees acquire outfielder Cody Bellinger from Cubs for pitcher Cody PoteetOutfielder Cody Bellinger has been acquired by the New York Yankees from the Chicago Cubs for right-hander Cody Poteet.AP News Undo UK government approves $4.6-billion takeover of Royal Mail by a Czech billionaireBritain’s government has approved the sale of Royal Mail’s parent company to a Czech billionaire, paving the way for the postal service to pass into foreign ownership for the first time in its 500-year history.AP News Undo Diese Decke hält, was sie versprichtZelesta :Advertisement:Advertisement Mehr erfahren Undo Von der Idee zur Traumküche: Unsere Experten begleiten Sie auf dem Weg zur perfekten Küche!XXXLutz :Advertisement:Advertisement Undo The Unify League is soccer's latest incarnation of a breakaway European Super LeagueOrganizers of a breakaway European Super League have revealed new plans to create a rival to the Champions League.AP News Undo Hodgkinson beats Littler to prestigious BBC sports award after winning Olympic 800-meter goldKeely Hodgkinson has been voted as the BBC Sports Personality of the Year for 2024 after winning the 800 meters at the Olympic Games in Paris.AP News Undo