SNB total sight deposits w.e. 25 April CHF 451.1 bn vs CHF 448.3 bn prior

• Domestic sight deposits CHF 442.6 bn vs CHF 439.7 bn prior

That’s another slight rise in overall sight deposits in the past week, but nothing too outstanding to suggest the SNB intervening with force in the market. As an aside, the Swiss central bank did also just announce that it is cutting the limit for banks to get full interest on reserves by lowering the threshold factor for remunerating sight deposits to 18 – down from 20 previously. That will go into effect starting from 1 June. The previous adjustment was back in December last year.

This article was written by Justin Low at www.forexlive.com.