Switzerland's current account surplus narrowed to around 16 billion Swiss francs ($16.48 billion) in the fourth quarter of 2015, 4 billion francs less than a year earlier, Swiss National Bank data showed on Monday. The decrease was principally the result of a lower surplus in investment income. This surplus fell by around 5 billion francs to 6 billion francs in the quarter, the SNB said.
The financial account balance edged up to around 9 billion francs as net financial assets jumped 73 billion francs, mainly due to direct and other investment, while liabilities rose a net 66 billion francs, primarily due to direct investment. The SNB pays close attention to capital flows as it tries to rein in what it calls a significantly overvalued franc.
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