SNB records nine-month loss

|By:, SA News Editor

Switzerland's central bank is still digging itself out of a hole, but a Q3 profit helped reduce some of its record first-half loss.

Blighted by its foreign-currency holdings, the SNB reported a loss of 33.9B francs ($34B) for the first nine months of the year, following the removal of the franc's currency cap in January and subsequent intervention.

Results showed this has come at a considerable cost to the central bank, which previously warned shareholders it may not be able to maintain its regular payout policy.

ETFs: FXF, EWL, SWZ, FSZ, HEWL

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