J.P. Morgan Asset Management - The Weekly Brief

25.04.2016 11:04 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Obwohl die geldpolitische „Divergenz“ zuletzt in aller Munde war, kann man bei den

Zentralbanken in Europa eher von einer „Konvergenz“ sprechen. Die schwedische Riksbank

versucht offenbar ihre Währung zu schwächen, damit die Krone konkurrenzfähig bleibt

und sich das Preisniveau ihrem Inflationsrichtwert von 2 % annähert. Das schwedische BIP

wächst indes um beeindruckende 4,5 % gegenüber dem Vorjahr. Die Riksbank hat das

Volumen ihrer quantitativen Lockerung unlängst erhöht und dies damit begründet, dass

man die steigende Krone im Zaum halten wolle. Zum Glück für die Riksbank gab die

Währung daraufhin nach, wenn auch nur leicht. Sollte die EZB jedoch erneut die Zinsen

senken und ihr Lockerungsprogramm abermals ausdehnen, sind in den kommenden

Quartalen aus unserer Sicht sogar noch weitere Massnahmen der Riksbank zu erwarten.

JPMAM_The Weekly Brief_25.04.2016.pdf

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