SNB total sight deposits w.e. 29 April CHF 744.4 bn vs CHF 742.6 bn prior

  • Latest data released by the SNB - 2 May 2022
  • Domestic sight deposits CHF 667.1 bn vs CHF 667.6 bn prior

Another week, another light increase in overall sight deposits. That may suggest that the SNB is trying to smooth out intervention efforts more than anything else despite the fact that markets are pricing in a monetary policy divergence between the Swiss central bank and that of the ECB. A look at the recent trend:

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