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2016 Annual Report of the Swiss National Bank

  • The Swiss National Bank carried out foreign exchange interventions totaling 67.1B Swiss francs in 2016 in order to counter “an undesired tightening of monetary conditions,” the central bank disclosed in its annual report.
  • That was down from 86.1B francs in 2015, when the SNB intervened heavily at the start of the year following its decision to remove a cap on the franc’s value against the euro.

SNB Sight Deposits are a proxy of SNB interventions

SNB Sight Deposits are a proxy of SNB interventions - Click to enlarge

 

 

 

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George Dorgan

George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers.
George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.

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