Swiss Franc & US Treasury Report: SNB Responds

  Published 1 year ago

The Swiss National Bank (SNB) reaffirmed its commitment to managing inflation after being added to the US Treasury's monitoring list. The SNB denied currency manipulation, stating interventions are for Swiss economic needs and will continue as needed.

  • SNB denies manipulating the Swiss Franc.
  • US Treasury flagged trade flows & current account.
  • Intervention purchases were minimal in 2024.

You might like these

Continental Petroleums Wins ₹326.4M Order

India Nears Full Kharif Sowing

Zydus Lifesciences Receives VAI Classification from FDA

Tata Motors Falls JLR Shutdown Extends

HDFC Bank Reports Steady Q1 Growth

SpiceJet Gains Liquidity After $89.5M Carlyle Deal

EPFO Adds 14.58 Lakh Members in March 2025

News that matters the most ⚡