J.P.Morgan Asset Management - The Weekly Brief

22.06.2015 16:12 - JPMorgan Asset Management (Switzerland) LLC

J.P.Morgan Asset Management - The Weekly Brief

Es kam nicht überraschend, dass die Zentralbank von Norwegen „Norges Bank“ ihre Leitzinsen letzte Woche um 25 Basispunkte auf ein Rekordtief von 1,0% gesenkt hat, was immer noch einer der höchsten Leitzinssätze im europäischen Vergleich ist. Die wirtschaftlichen Herausforderungen von Norwegen sind auch andere, als bei den europäischen Nachbarn: Zum einen ist Norwegen der einzige Netto-Ölexperte in Westeuropa und zum anderen hat der Immobilienmarkt nach der Finanzkrise in Vergleich zur Europäischen Union einen starken Aufschwung erlebt. Aufgrund der Abwertung der Norwegischen Krone, sinkenden Verbraucherpreisen sowie steigenden Immobilienpreisen, erscheint eine Senkung des Leitzinses eher widersprüchlich. Norwegen hat den Herausforderung bis her gut standgehalten, die Auszeichen eines bevorstehenden Rückgangs der Mineralölindustrie drücken allerdings die Prognose des Bruttoinlandprodukts für 2015 und 2016. Weiter Zinssenkungen werden daher ab kommenden September bis ins Jahr 2016 erwartet.

JPMAM_The Weekly Brief_22.06.2015.pdf

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