The Swiss National Bank reported on Monday an annual loss of 132.5 billion Swiss francs ($141.54 billion), in line with the provisional calculations it announced in January.
The reported loss wiped out the SNB's distribution reserve of 102.5 billion francs, meaning the central bank posted a net loss of 39.5 billion francs after an allocation for provisions was taken into account.
The SNB, which is due to give its next monetary policy update on March 23, declined to comment on how the loss could affect its future monetary policy. Analysts did not think it would influence the matter, with the SNB having 66 billion francs in equity despite the massive losses. "Even if equity was wiped out altogether this wouldn’t change monetary policy in the short term as the SNB can operate without equity," said UBS economist Alessandro Bee.
"Only in the case of a prolonged period of negative equity I would see an impact on monetary policy. But we’re far from such a scenario even after the huge loss of last year."
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