Swiss National Bank spends $30 billion to prevent Swiss Franc appreciation by 1.1%.
The Swiss National Bank (SNB) must spend approximately $30 billion to prevent the Swiss Franc from appreciating by 1.1%. The central bank's currency purchases have helped avoid significant drops in consumer prices, as detailed in a staff paper published on the SNB's website. The intervention costs are estimated at 27 billion francs, highlighting the importance of foreign exchange spending to maintain currency stability.
April 01, 2024
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