March 4, 2019 / 6:38 AM / 7 months ago

Swiss National Bank made 2.05 bln Sfr from negative interest in 2018

ZURICH, March 4 (Reuters) - The Swiss National Bank made 2.05 billion Swiss francs ($2.05 billion) from negative interest rates during 2018, the central bank said on Monday, one of the measures it uses to curb demand for the safe-haven Swiss franc.

The amount raised by charging interest on sight deposit balances it holds for commercial banks above a certain threshold increased slightly from the 2.02 billion francs the SNB made from the charge during 2017. ($1 = 0.9995 Swiss francs) (Reporting by John Revill)

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