The Swiss National Bank said on Monday (9th) that the annual loss in 2022 will reach 132 billion Swiss francs, the largest loss in its 115-year history.

(Reuters)

[Financial Channel/Comprehensive Report] The Swiss National Bank said on Monday (9th) that the annual loss in 2022 will reach 132 billion Swiss francs (TWD 4.3 trillion), the largest loss in its 115-year history, due to the decline in the stock market and Fixed income markets have been hit by falling values ​​in stock and bond portfolios.

Monday's figure is a far cry from the 26 billion franc (TWD 858.5 billion) profit in 2021, well above the record loss of 23 billion franc (TWD 759.5 billion) set in 2015, which is equivalent to slightly more than Morocco's annual gross domestic product.

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The SNB will release detailed annual data on March 6.

Stocks around the world weakened and bond prices fell last year as central banks around the world, including the Swiss National Bank, raised interest rates to fight inflation.

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