18 mars 2025|
AI
|9 months agoSwiss National Bank Shifts to Modest Foreign Currency Purchases
SNB reports CHF1.2 billion in foreign currency purchases for 2024, marking significant strategy change from previous year's CHF132.9 billion sales.
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Generated IllustrationKey Takeaways
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- SNB shifted from being a large-scale seller to a modest buyer of foreign currencies in 2024
- SNB purchased CHF1.2 billion in foreign currencies during 2024
- Most purchases occurred in the third quarter of 2024
- Swiss inflation has returned to the target range of 0-2%
By The Numbers
CHF132.9 billion
Foreign currency sales in 2023
CHF1.2 billion
Foreign currency purchases in 2024
0.5%
Current key interest rate
They Said
"The monetary authorities wanted to strengthen the franc and keep imported inflation low"