Headline: SNB Sight Deposits Ease to CHF 460bn as Liquidity Stays Calm
The Swiss National Bank’s weekly data show a moderate pullback in sight deposits, pointing to steady Swiss franc liquidity conditions. For the week ending 7 November 2025, total sight deposits declined to CHF 460.0 billion, compared with CHF 470.5 billion a week earlier. The latest print, released on 10 November, remains consistent with the range observed since mid-year policy adjustments.
Domestic banks accounted for most of the move: domestic sight deposits fell to CHF 436.3 billion from CHF 446.9 billion previously. The shift is not unusual for this series and suggests that liquidity in the Swiss banking system remains ample and well-managed, with no signs of stress.
For markets tracking the SNB’s balance sheet and money-market dynamics, weekly sight deposit figures provide a timely read on funding conditions, the central bank’s operations, and the broader monetary policy backdrop. The latest decline reinforces the view that liquidity normalization is progressing without disrupting the Swiss franc market.
Key Points: – Total SNB sight deposits: CHF 460.0bn (week ending 7 Nov 2025) vs CHF 470.5bn prior – Domestic sight deposits: CHF 436.3bn vs CHF 446.9bn previously – Data released on 10 November 2025 by the Swiss National Bank – Levels remain within the recent range seen since mid-year policy changes – Signals stable Swiss franc liquidity and orderly money-market conditions
