J.P. Morgan Asset Management - The Weekly Brief

12.07.2021 16:44 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die Europäische Zentralbank (EZB) hat im Rahmen ihrer Strategieüberprüfung zwei wesentliche Änderungen angekündigt. Erstens liegt ihr Inflationsziel nun mittelfristig bei 2 %. Dies bedeutet, dass sie vorübergehende Phasen tolerieren wird, in denen sich die Inflation leicht über dem Richtwert bewegt. Zweitens werden die Wohnkosten künftig stärker in die Inflationsberechnung einfliessen. Die Eurozone weist schon seit einiger Zeit eine niedrige Inflationsrate auf, sodass die durchschnittliche Teuerung in den letzten drei Jahren nur 1,1 % betrug. Um dies zu überwinden, verwies die EZB auf die Notwendigkeit kontinuierlicher geldpolitischer Massnahmen, ein Indiz dafür, dass die Zinsen noch viele Jahre lang niedrig bleiben werden. Darüber hinaus hat die EZB auch Klimaschutzziele in ihre geldpolitische Strategie aufgenommen, was die Bedeutung nachhaltiger Anlagen wahrscheinlich erhöhen wird.

JPMAM_The Weekly Brief_12.07.2021.pdf

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