Aktuelle Frage im Economics Forum:
„Wie beurteilen Sie die überraschende Aufhebung des Euro-Mindestkurses durch die Schweizerische Nationalbank und auf welche Implikationen sollten sich Investoren nun besonders genau fokussieren?“
Current Question in the Economics Forum:
“How do you assess the Swiss national bank’s surprising decision to abandon its currency cap with immediate effect and on which implications should investors especially focus going forward?”
Klicken Sie auf den entsprechenden Experten, um das gesamte Statement angezeigt zu bekommen:
„In maintaining the CHF cap SNB saw its balance sheet expand to 80% of GDP. Although uncomfortable, the only real risk of this is increasing inflation or bubbles. At the moment, these are not issues for Switzerland, if anything inflation is far too low. As such, abandoning the cap was a clear surprise, and probably a policy mistake. Even if some strengthening of CHF was warranted, that should have been done in gradual steps. Clearly, SNB miscalculated market reactions. Swiss exporters are unlikely to be able to cope with the significant strengthening of the franc, which will put further downward pressure on Swiss equities. As such, SNB will be forced to intervene again to limit the strengthening of its currency. Nevertheless, investor focus has already shifted towards the ECB decision on QE.”
