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. Jordan explained to reporters why they opted to trim the key rate now. “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 said. “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, inflatio…