SNB total sight deposits w.e. 14 October CHF 619.8 bn vs CHF 639.3 bn prior

• Domestic sight deposits CHF 555.4 bn vs CHF 552.5 bn prior

That's a notable drop for a third week running and this is something worth keeping tabs on. It likely points to the SNB tightening policy via reducing liquidity as it cuts other sight deposits from roughly CHF 120 billion on the week ending 23 September to around CHF 64 billion at the end of last week.

Either that, or it could be the SNB selling foreign currencies to try and maintain the recent weakness in the franc - which has been a comforting factor in a time when inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term - or more specifically, imported inflation - is rampaging across major economies.