Market news
22.03.2021, 07:23

SNB forex interventions hit eight-year high in 2020

Reuters reports that the Swiss National Bank said it could further expand its balance sheet if necessary.

The SNB's spending on foreign currencies increased from 13.2 billion francs in 2019 and reached at its highest level since 2012 as it battled renewed upward pressure on the safe-haven franc during the COVID-19 pandemic.

The increased spending has inflated the SNB's balance sheet close to 1 trillion francs - much larger than the size of the Swiss economy.

Still, despite reducing its interventions in the second half of the year, the size of the balance sheet would not deter the SNB from intervening in future, the central bank told .

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location