SNB purchased 86.1 billion Swiss francs in foreign currency in 2015 to weaken franc
24 March 2016, 11:37
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The Swiss National Bank (SNB) purchased 86.1 billion Swiss francs (62.58 billion pounds) in foreign currency last year to enforce a minimum exchange rate, scrapped in January, and influence exchange rate developments, according to its annual report published on Thursday.
The SNB said that, aside from purchasing foreign currency, it did not conduct any monetary policy-related open market operations last year. READ MORE
