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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Electric Buses Are Hurting the Oil Industry
- Ford Plans $11.5 Billion in Extra Cuts, Kills Most U.S. Cars
- Why High-Flying U.S. Home Prices Seen Getting Another Jolt
- Stocks Push Higher; Dollar Reaches 3-Month Peak: Markets Wrap
- American Cities Are Fighting Big Business Over Wireless Internet, and They’re Losing