SNB annual report: CHF 48.2 bn spent on currency interventions
The Swiss National Bank releases its 2017 annual report
- Compared with CHF 67.1 bn spent in 2016
- Says that interventions mainly occurred during periods of uncertainty when the CHF was particularly sought after
- Says renewed upward pressure on the CHF cannot be ruled out
- Annual income of CHF 54.4 bn (+CHF 24.5 bn from 2016)
- Net profit of CHF 69.3 bn (+CHF 21.7 bn from 2016)
Full report can be found
here.
here.
SNB head Thomas Jordan was reportedly paid CHF 979,800 for his work in 2017. Not too shabby, eh.
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