- Latest data released by the SNB – 19 May 2025
- Domestic sight deposits CHF 434.8 bn vs CHF 444.8 bn prior
The SNB publishes these figures weekly, and they can show whether the SNB is intervening in currency markets or adjusting liquidity.
An increase in total sight deposits usually indicates that the SNB is injecting liquidity into the system, possibly through foreign exchange interventions (buying foreign currencies to weaken the CHF) or other forms of quantitative easing.
A decrease may suggest tightening monetary policy, withdrawing liquidity, or not intervening in FX markets.
