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- Swiss National Bank may have intervened before discontinuing the 1.20 per euro exchange rate floor
Swiss National Bank may have intervened before discontinuing the 1.20 per euro exchange rate floor
The Swiss National Bank (SNB) released its monetary policy data for the week ending 16 January 2015 on Monday. The report showed that the amount of cash commercial banks hold with the SNB rose last week. Sight deposits increased by 10.6 billion francs to 339.6 billion francs, according to SNB data. That was the biggest weekly increase since the end of December.
Data indicates that the central bank may have intervened before discontinuing the 1.20 per euro exchange rate floor.
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