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Higher interest rates drag Swiss National Bank to $3.6B loss

By Inquirer - 9 months ago
ZURICH  — The Swiss National Bank posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, it said on Monday, as a switch to positive interest rates cost it dearly and meant it couldn’t pay a dividend for a second straight year. The SNB became the latest central bank to report losses as

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