Since the 2008 financial crisis, the SNB has broadened its options to guard against the Swiss franc becoming overvalued.
ZURICH - The Swiss National Bank on Monday posted an annual loss of 14.9 billion Swiss francs , as it continued to deploy a range of tactics to keep the franc's value under control.Those tactics involve massive foreign currency holdings, including in equities, which can leave the SNB exposed to stock market swings like those seen at the end of 2018.
But it made 2.0 billion Swiss francs in 2018 from negative interest rates, another measure it uses to dampen the franc's value. Last year, the SNB posted a record profit of 54 billion Swiss francs thanks to gains on its foreign currency and gold holdings.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swiss luthier striving to make a 21st-century StradivariusMeet the man who is trying to make the closest thing you will get to a 21st-century Stradivarius.
Read more »
National civilian service, help for small business: Mmusi Maimane's plans for SADemocratic Alliance leader Mmusi Maimane on Monday unveiled his 10-point plan of things he would do in his first 100 days in office should the DA win the May 8 national polls.
Read more »
Federer wins 'special' 100th title by beating TsitsipasThe Swiss second seed was untouchable throughout much of the 69-minute final as he gained revenge for his fourth-round Australian Open defeat by the 11th-ranked Greek youngster.
Read more »
ABB shifts towards digital industries after power grids saleSwiss engineering company upbeat on growth prospects for robotics and automation businesses as fourth-quarter earnings are higher than expected
Read more »
Ramaphosa condemns fake religious leaders - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.African National Congress (ANC) president, Cyril Ramaphosa, has joined the nation in condemning what he calls bogus religious leaders who are not only taking advantage of gullible people but bringing religion into disrepute.
Read more »
Reserve Bank was not alerted to ‘shell company’ concerns — Eskom official | News | National | M>he South African Reserve Bank was not privy to information that might have put the breaks on the controversial multibillion-rand loan from Huarong Energy Africa to Eskom, the state capture commission heard on Monday.
Read more »
R27m bank loan scam: 11 arrested | The PostPolice are closing in on the kingpins who allegedly recruited the 11 suspects as part of the syndicate.
Read more »