SNB’s in a fight for it’s life as it prints and sells Swiss francs to avoid it’s appreciation against the Euro, and avert the driving up of Swiss exports prices.
The central bank’s portfolio of foreign assets has mushroomed to four times that of 2010, making it possibly in proportion the largest risk taker, with holdings of currencies bonds, stocks and gold amounting to about $541 bln… just short of Switzerland’s GDP.
For the full WSJ story ‘Google’ the headline…
