Zurbruegg Says Managing SNB FX Reserves Major Challenge
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Swiss National Bank Governing Board member Fritz Zurbruegg said managing the central bank’s foreign-currency reserves of 424.4 billion francs ($448 billion) is a “major challenge.”
“The SNB takes care to ensure that its investments do not disrupt the markets,” Zurbruegg said at an event in Geneva late yesterday. “We are aware that the huge amounts we have under management could impact significantly on market prices.”