Swiss Sight Deposits (w/e 21 Mar): Total 457bln (prev. 454.3bln), Domestic 432.8bln (prev. 433.5bln)
Context
The increase in total Swiss sight deposits suggests a slight rise in liquidity, which may indicate banks are holding more reserves relative to the previous week. However, the decline in domestic sight deposits could reflect a withdrawal of funds or reduced lending activity, which may have implications for the Swiss National Bank's (SNB) monetary policy stance moving forward.
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