The Swiss National Bank releases its 2017 annual report

  • Compared with CHF 67.1 bn spent in 2016
  • Says that interventions mainly occurred during periods of uncertainty when the CHF was particularly sought after
  • Says renewed upward pressure on the CHF cannot be ruled out
  • Annual income of CHF 54.4 bn (+CHF 24.5 bn from 2016)
  • Net profit of CHF 69.3 bn (+CHF 21.7 bn from 2016)

Full report can be found here.

SNB head Thomas Jordan was reportedly paid CHF 979,800 for his work in 2017. Not too shabby, eh.