LONDON, June 20 (Reuters) - The Swiss franc dropped and stocks rallied on Thursday after the Swiss National Bank lowered interest rates by 25 basis points to 1.25% after a similar cut in March.
The euro EURCHF=EBS was last up around 0.4% against the franc at 0.9538, rising off a roughly four-month low before the decision. The dollar CHF=EBS climbed 0.45% to 0.8885 francs as the Swiss currency fell.
Switzerland's blue chip stock index .SSMI rose 0.5%, having been little changed before the announcement.
