SNB total sight deposits w.e. 24 December CHF 722.3 bn vs CHF 722.7 bn prior

• Domestic sight deposits CHF 650.0 bn vs CHF 645.7 bn prior

Little change in terms of overall sight deposits with the SNB seemingly not intervening all too hard with EUR/CHF lingering just above 1.0400 for now. But if the pair continues to trend downwards next year, expect firmer action surely by the central bank.