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.

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