Sight deposits climb at the SNB on interventions

Source: Bloomberg
© Scanpix/RS
Sight deposits at the SNB climbed almost 8% previous week, indicating that the central bank keeps purchasing foreign currency following cancellation of its three-year-old cap on the Franc. SNB's data report showed that sight deposits added to 365.5 billion francs during the week ending January 23, compared with 339.6 billion francs recorded a week earlier.
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