Swiss National Bank Q2 2014 Results: Draghi's Weak Euro Policy A Nice Gift For The Bank, For Now
George Dorgan • Mon, Aug. 4
- The ECB commitment to a weak euro and the maintenance of ultra-low interest rates was a nice (temporary?) gift for the Swiss National Bank.
- The bank earned nearly 12 billion francs in Q2 2014.
- Positive contributions from all its investments, from currencies, bonds, equities and gold.
- Sight deposits and total SNB debt, however, have been rising again since June.