J.P. Morgan Asset Management - The Weekly Brief

28.06.2021 16:01 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die Bank of England überraschte auf ihrer Juni-Sitzung mit einer relativ zurückhaltenden Erklärung, wonach sie die zuletzt unerwartet hohe Inflation weiterhin als vorübergehendes Phänomen betrachtet. Seit der letzten Sitzung im Mai hat sich die Wirtschaftstätigkeit erneut stark erholt und die Gesamtinflation ist im Mai auf 2,1 % gegenüber dem Vorjahr gestiegen. Wir sind der Meinung, dass die Inflation in den kommenden Monaten weiter über das 2%-Ziel der Bank of England steigen und dies nicht ausschliesslich vorübergehend sein wird. Die derzeit angespannte Lage am Arbeitsmarkt, den das Beurlaubungsprogramm so erfolgreich bewahrt hat, wird aus unserer Sicht andauern und dadurch den Lohndruck begünstigen. Sollte dies der Fall sein, dürfte die Bank in der zweiten Jahreshälfte 2022 zunehmend unter Druck geraten, die Zinsen zu erhöhen.

JPMAM_The Weekly Brief_28.06.2021.pdf

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