Swiss franc pushes central bank into interim loss of CHF10.8 billion

29th July 2011, Comments 0 comments ZURICH, SWITZERLAND - The Swiss National Bank’s SNB half-year report issued Friday is hardly cheering news at the start of a long national holiday weekend, with an interim consolidated loss of CHF10.8 billion francs thanks to the strength of the Swiss franc against major currencies, before allocation to reserves. “The SNB result depends largely on [...]

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