Swiss central bank posts 33.9 bln Sfr loss for 9 months

October 30, 2015 6:33 AM

30 0

ZURICH Oct 30 Switzerland's central bank posted a loss of 33.9 billion Swiss francs ($34.28 billion) on Friday, as a third-quarter profit helped reduce its record first-half loss.

The Swiss National Bank (SNB) stunned financial markets in January by abandoning its cap on the value of the franc versus the euro, but has had to intervene in foreign exchange markets in the following months in a bid to weaken the franc.

Also read: ECB relaxes rule of bond lending to avoid repo squeeze

Read more

To category page

Loading...