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Swiss National Bank bought forex worth 1.2 billion francs in 2024

BY Reuters | ECONOMIC | 03/18/25 02:37 AM EDT

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) (Reporting by John Revill, Editing by Friederike Heine)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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