Economics
SNB Kept Up Currency Buying Amid Persistent Pressure on Franc
A figure of Helvetia sits on a Swiss franc coin.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Sight deposits at the Swiss National Bank ticked higher last week, evidence of officials’ commitment to keep the franc in check in light of increased haven pressure.
The amount of cash commercial banks have parked with Switzerland’s monetary authority increased by 4 billion francs ($4.1 billion) last week to 674 billion francs, data on Monday showed. That’s the smallest nominal rise in a month.