Swiss National Bank Suffered Losses of 3 Billion Francs in 2023

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<p>The Swiss National Bank (SNB) reported an annual loss of 3 billion Swiss francs (USD 3.54 billion) in 2023 and said it would not make payments to Switzerland’s central or local government or pay dividends to investors. The loss is believed to have occurred as a result of interest rate hikes aimed at fighting inflation. […]</p>
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