[Levin]

Times are bad? Even Swiss central bank lost US$143 billion : https://sgtalk.net/Thread-Swiss-central-...witzerland

Maybe this article can explain better:

The Deutsche Bundesbank and the Nederlandsche Bank (DNB) were among the first of the euro area central banks to forecast sizable annual losses. They will not be transferring remittances to their governments, and the DNB warns that it too may move into a negative equity position (though when it speaks of negative equity, the DNB is not counting most of the current market value of its gold reserves).


The Bank of England has a British government indemnity for losses related to QE. This will result in payments from the UK Treasury to the Bank over the coming decade projected to total almost £230 billion (10 percent of GDP)—a figure that could double if interest rates are even 100 basis points higher than in the base projection.

These losses come after years in which QE lowered borrowing costs for governments and increased profit distributions to governments from central banks. Since central banks nowadays tend to pay market-related interest rates on most of their liabilities, the flow of profits was likely to fall whenever interest rates started to rise.

https://www.piie.com/blogs/realtime-econ...-overblown