Swiss Central Bank Just Posted its Largest Loss in History
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It looks like the Federal Reserve is not the only central bank around the world experiencing issues with losses this year.
In fact, the Swiss Central Bank just posted its biggest loss in its entire 116-year history. And given the way that things look like they are going to be going for the year of 2023, it does not look like this will be a year that central banks will make up for their losses.
In fact, it looks like central banks all around the world are going to have losses that will get much worse this year.
Timecodes
0:00 Video Introduction
0:32 What is a Central Bank
3:01 Swiss Central Bank Post Their Biggest Loss
4:18 Swiss Government Won't Receive Their Normal Payout
5:47 Fed Will Take Longer to Pay Themselves Back
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#SwissBank #CentralBanks #ProfitLoss
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