SNB total sight deposits w-e 16 June CHF 577.44bln vs 576.40 bln prev

Author: Mike Paterson | Category: Central Banks

Swiss National Bank  sight deposits w-e 16 June

  • domestic CHF 482.03 bln vs 476.2 bln prev

Domestic depos on the rise again after two weeks of decline. Domestic depos are an indication of how inclined banks are to find a safe haven for their money.

 SNB seemingly back into support as borne out by p/a.

Total sight depos inc other depos on sight in CHF. Sight depos are the accounts of commercial banks with the SNB and make up a large part of the banking system's liquidity. The SNB increase sight deposits by FX swaps and repos of its own debt.

USDCHF 0.9722 still underpinned as is EURUSD albeit both now in retreat as Europe gets underway.