Alright dear retail banks, time to drop the negative interest rates on customers deposits.
Bank executives: bwahahaha
After the FEDs 0.75% it was expected
Perfect, just in time for the holidays. I was worried they’re going to let the Franc drop and then hike the interest rate at the end of this year.
They probably have some info that the ECB is also going to raise 0.5%.
This should have a direct impact on inflation as a stronger CHF makes imports cheaper. But I wonder if they will continue to raise even if the inflation levels out/drops just because the FED and ECB does it.
Curious to see how this will affect the use of SARON mortgages which have been uber popular until now. It’s still a good deal, especially compared to fixed, but for how long?
What’s unexpected about it?
They finally woke up!!!!
Unbelievable, they should have done that a month back.
So what does this exactly mean? I was never too good at VWL and only understand the basics. This means the snb is actively combatting inflation by reducing the amount of money on the market slightly, correct? Would that not make the CHF more valuable at the same time?
8 comments
Alright dear retail banks, time to drop the negative interest rates on customers deposits.
Bank executives: bwahahaha
After the FEDs 0.75% it was expected
Perfect, just in time for the holidays. I was worried they’re going to let the Franc drop and then hike the interest rate at the end of this year.
They probably have some info that the ECB is also going to raise 0.5%.
This should have a direct impact on inflation as a stronger CHF makes imports cheaper. But I wonder if they will continue to raise even if the inflation levels out/drops just because the FED and ECB does it.
Curious to see how this will affect the use of SARON mortgages which have been uber popular until now. It’s still a good deal, especially compared to fixed, but for how long?
What’s unexpected about it?
They finally woke up!!!!
Unbelievable, they should have done that a month back.
So what does this exactly mean? I was never too good at VWL and only understand the basics. This means the snb is actively combatting inflation by reducing the amount of money on the market slightly, correct? Would that not make the CHF more valuable at the same time?