Bloomberg

(Bloomberg) -- Sight deposits at the Swiss National Bank rose 0.7 percent last week, their biggest increase since November. Economists consider the data an indicator for the central bank’s interventions to curb the strength of the franc. While President Thomas Jordan affirmed a willingness to be active in the market in the SNB’s most recent policy announcement, officials rarely comment on actual interventions.

To contact the reporter on this story: Catherine Bosley in Zurich at cbosley1@bloomberg.net. To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss, Jana Randow

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