Swiss National Bank sight deposits w-e 12 May
- domestic CHF 484.54 vs 480.512bln prev
SNB still not too far away from the action as per my post last Monday.
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 0.9998 on the back foot as CHF demand prevails but EURCHF still underpinned
