Swiss National Bank expects an annual loss of around 3 billion CHF

<p>News from Monday on the SNB, which will not be paying profits to the government for the second year in a row. </p><p>The very strong CHF has outweighed capital gains from equity and bond portfolios in foreign currencies the Bank has. </p><p>The Swiss National Bank has announced (in its preliminary results) that it expects an annual loss of around 3 billion Swiss francs for last year.</p><p>Info via Bloomberg (gated) </p>

This article was written by Eamonn Sheridan at www.forexlive.com.