SNB’s Sight Deposits Rose After Interventions on Brexit: ChartBy
Sight deposits at the Swiss National Bank increased last week after the central bank said it intervened in currency markets to stem the franc’s appreciation following the U.K.’s decision to exit the European Union. The measure for domestic banks rose by 6.87 billion francs ($7.05 billion) to 430.3 billion, while the total amount jumped by 6.27 billion francs to 507.5 billion. Sight deposit typically climb after SNB interventions.
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