Swiss National Bank Needs $30 Billion to Stabilize Currency

The Swiss National Bank is projected to spend around 27 billion francs ($30 billion) to prevent its currency from appreciating by 1.1%, as indicated by a staff paper published on the SNB’s website. The research underscores the effectiveness and long-lasting impact of currency purchases by the central bank, highlighting their role in shielding Switzerland from substantial declines in consumer prices over recent years.