Swiss National Bank Posts Record First-Half Loss, Says No Policy Impact

Swiss National Bank Posts Record First-Half Loss, Says No Policy Impact
A general view shows the building of the Swiss National Bank (SNB) in Zurich, Switzerland, on June 23, 2022. Picture taken with a drone. Arnd Wiegmann/Reuters
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ZURICH—The Swiss National Bank reported a first-half loss of 95.2 billion Swiss francs ($100.08 billion) on Friday, the biggest six-month loss since the central bank was founded in 1907.

Stock market declines, falling bond prices, and the franc’s appreciation severely dented the value of its massive foreign currency holdings.