In 2023, the Swiss National Bank (SNB) reported an annual loss of 3.2 billion Swiss francs ($3.62 billion), attributing it to the appreciation of the Swiss francs.  The SNB experienced a significant loss of 8.5 billion francs from its Swiss franc positions, primarily due to the increased interest rates paid to banks lodging money overnight. … Continue reading Swiss National Bank Posts $3.62 Billion Annual Loss in 2023 Due to Currency Appreciation and Monetary Policy Adjustments