Why SNB Lost $51.8 Billion in 1H 2015
Posted on 07/31/2015
Swiss National Bank (SNB), the country’s central bank, reported a first half 2015 loss of 50.1 billion CHF (US$ 51.79 billion). Foreign reserve management places a high premium on capital preservation and liquidity. Central banks are mandated to preserve price stability. The main reason for the loss is that SNB’s foreign currency reserves got hit […]
