Swiss National Bank Posts $34 Billion Loss as Bond Losses Bite

Swiss National Bank Posts $34 Billion Loss as Bond Losses Bite
The Swiss National Bank (SNB) logo on its building in Bern, Switzerland, on April 2, 2022. Arnd Wiegmann/Reuters
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ZURICH—The Swiss National Bank reported a first quarter loss of 32.8 billion Swiss francs ($33.75 billion), the central bank said on Thursday, as lower bond prices and the higher franc dented the value of its foreign currency investments.

The bank made a loss of 36.8 billion francs from its foreign currency investments built up during its campaign to tame the franc.