Funds linked to Indian clients in Swiss banks decreased by over 8% to 3.25 billion Swiss francs in 2025, driven by a decline in funds held through other banks and financial institutions, despite a sharp rise in direct customer deposits.
The Swiss National Bank (SNB) stated it's prepared to intervene in foreign exchange markets to prevent excessive appreciation of the Swiss franc. The central bank maintained its policy rate at 0% while noting a slight increase in inflation to 0.6% due to energy prices linked to the Middle East conflict.
The Yen and Swiss Franc were stronger against the dollar as investors sought safe havens after Chinese start-up DeepSeek’s new AI model hit U.S. tech stocks.
