31 mars 2025|
AI
|8 months agoSwiss National Bank returns to foreign currency purchases
SNB bought CHF103 million in foreign currencies in Q4 2024, marking shift in monetary policy strategy
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Generated IllustrationKey Takeaways
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- SNB bought CHF103 million in foreign currencies in Q4 2024
- Total foreign currency purchases for 2024 reached CHF1.2 billion
- SNB returned to buying foreign currency for first time since mid-2022
- SNB reduced key interest rate to 0.25% in March 2025
By The Numbers
CHF103 million
Foreign currency purchases in Q4 2024
CHF728 million
Foreign currency purchases in Q3 2024
CHF133 billion
Foreign currency sales in 2023
They Said
"SNB reiterated its readiness to intervene in the foreign exchange market, should this be deemed necessary"