Swiss foreign reserves expansion slows in August

Note: This section contains information in English only.
Source: Reuters
The SNB's foreign reserves reached 71% of annual output in August, with a slower pace of growth adding signs that less central bank action was necessary to enforce its ceiling of 1.20 Swiss Francs per Euro. The SNB's foreign exchange reserves rose to 418.430 billion Swiss Francs from 408.605 billion in July, preliminary data from IMF showed on Friday.
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