The Swiss Central Bank announces a loss of 132 billion francs

announce Swiss Central Bankfor a record loss of 132 billion Swiss francs (last year, breaking the previous record, when its loss in 2016 reached 23 billion, due to the decline in financial markets, which reduced the value of stocks and bonds in its portfolio.

The central bank clarified the information today, Monday, in its preliminary results report, that the loss is the highest in the bank’s 115-year history, and the previous record loss amounted to 23 billion Swiss francs and was reported by the bank in 2016.

The bank said the huge loss resulted in the central bank not making the usual payments to central and regional governments in the past SwitzerlandOh, and last year the Swiss National Bank paid six billion francs.

The losses come at the expense of declines in financial markets, which plunged in the value of shares and bonds owned by the bank, and global stock markets weakened last year and bond prices fell due to high interest rates, which central banks around the world, including the Swiss National Bank, are struggling with rapid inflation. .

According to analysts, last year’s record loss is likely to have no impact on the monetary policy of the central bank, which raised interest rates three times last year.

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