20 marzo 2025|
AI
|9 months agoSwiss National Bank Reports Reduced Foreign Currency Interventions
Central bank's foreign currency purchases drop to CHF1.2 billion in 2024, marking shift in monetary policy
AI
Generated IllustrationKey Takeaways
AI
- The Swiss National Bank purchased foreign currency totalling CHF 1.2 billion in 2024
- SNB sold foreign currencies worth CHF 132.9 billion in 2023
- Most purchases occurred in the third quarter of 2024
- SNB lowered key interest rate to 0.5% in 2024
By The Numbers
1.2 billion
CHF foreign currency purchases in 2024
132.9 billion
CHF foreign currency sales in 2023
0-2%
SNB inflation target range
They Said
"By reducing its foreign currency reserves, the monetary authorities wanted to strengthen the franc and keep imported inflation low"