The Swiss National Bank posted a second quarter loss of 13.20 billion Swiss francs ($15.14 billion), it said on Monday, as interest rate hikes by other central banks dented the value of its massive bond holdings.
The Swiss National Bank logo is pictured on its building in Bern, Switzerland June 16, 2022. REUTERS/Arnd Wiegmannposted a second quarter loss of 13.20 billion Swiss francs , it said on Monday, as interest rate hikes by other central banks dented the value of its massive bond holdings.
The SNB lost 8.08 billion francs on its foreign currency positions of 742 billion francs, as bond prices fell as investors feared more interest rate hikes by the
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