According to the newest monetary data, in the week ending June 8th, the unsterialized money supply (as measured in sight deposits of domestic and foreign banks and deposits by the Swiss confederation) increased by 14 billion Swiss francs.
Our regular Excel spreadsheet with the history of SNB data is here:
[caption id="attachment_966" align="aligncenter" width="610"] SNB Balsheet Week June 1st[/caption]
Currently we are leading our bet of 30 plus bln. CHF printed per month against ZKB's Marmet, who thought that the inflows into Switzerland will slow.
In a recent post we gave a wrap-up of the intense Swiss discussions about the floor. We argue in this post that it was Jordan himself (and the IMF policies and Swiss GDP), but not Grübel who triggered the big safe-haven flows into Switzerland.
Remark: The Tagesanzeiger (and Marmet ?) spoke of a flattening dynamics of inflows, however they got mistaken in their arguments. They use monthly averages as argument that flows are flattening, which is flawed.
Weekly averages:
Monthly averages:
Disclosure: We are short EUR/CHF
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Tags: Deposits,floor,franc,IMF,Jordan,monetary data,SNB sight deposits,Swiss National Bank,Switzerland,Switzerland Money Supply
Home › 1) SNB and CHF › 1.) Monetary Data › Another week, another 14 bln. francs printed
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