Swiss Economicblogs.org
Investec Switzerland. Today, the Swiss National Bank (SNB) announced a new agreement with the Federal Department of Finance, to pay the Swiss confederation and cantons CHF 1 billion per year, as was previously the case. The deal will run from 2016 to 2020, according to an official press release. © Phillip Judd The deal differs from the past because it requires shortfall payments. In years when the SNB doesn’t have enough reserves, the payment can be reduced and any shortfall...
Read More »Swiss National Bank agrees to pay out 1 billion francs annually
