Swiss National Bank posts 500 million franc Q1 loss
The central bank faced losses on foreign currency holdings despite gains in gold prices. Declining values in shares and bonds led to an 8.2 billion franc drop.
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The central bank of Switzerland reported a financial loss of 500 million Swiss francs ($636.70 million) for the first quarter of 2026. The Swiss National Bank (SNB) announced on Thursday that while its precious metal reserves saw significant appreciation, these gains were insufficient to offset broader market volatility.
