Swiss National Bank weekly sight deposit report 20 March
- domestic sight depos CHF 470.89bln vs 467bln prev
Further evidence of the SNB standing ever-poised.
Not massive increases though and widely expected so price action muted on the news.
USDCHF 0.9983 EURCHF 1.0741 both underpinned still.
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.
Earlier Eamonn had this from SNB boss Jordan denying competitive devaluation.
Jordan denies competitive devaluation
