Swiss National Bank bought forex worth 1.2 billion francs in 2024
ReutersMar 18, 2025 6:37 AM
ZURICH, March 18 (Reuters) - The Swiss National Bank bought foreign currency worth 1.2 billion Swiss francs ($1.36 billion) in 2024, the central bank said on Tuesday, dramatically reducing its interventions after bringing inflation under control.
The figure compared with 132.9 billion Swiss francs of foreign currencies sold by the SNB during 2023 as the bank sought to boost the franc as a shield against imported price rises.
($1 = 0.8814 Swiss francs)
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