The amount raised by charging interest on sight deposit balances it holds for commercial banks above a certain threshold increased slightly from the 2.02 billion francs the SNB made from the charge during 2017.
The aim is to deter investors buying Swiss francs, and is part of the SNB’s campaign to combat the value of the currency, which it regards as “highly-valued” and whose strength hurts Switzerland’s export-reliant economy.
Read More.. Source Reuters