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2020/03/19 / Erste Group Research

Short Note SNB | SNB setzt Maßnahmen zur Stärkung der Banken

Die Schweizer Nationalbank hat heute (19. März) den Zins auf Sichteinlagen bei der Nationalbank bei -0,75% belassen. Allerdings hat die SNB ihre Interventionen am Devisenmarkt verstärkt, da der Franken nach Einschätzung der SNB nochmals höher bewertet und die globalen Finanzmärkte durch das Coronavirus unter starkem Druck sind.

Für den Ausblick des Euro-CHF Wechselkurses ist die entscheidende Frage, ob die Eurozone Mitgliedsländer eine gemeinsame Lösung für die historische Herausforderung der Corona-Krise finden werden oder nicht. Das von der EZB gestern angekündigte Pandemie-Not-Ankaufsprogramm (PEPP) im Ausmaß von EUR 750 Mrd. ist vor diesem Hintergrund ein ganz wichtiger Schritt in Richtung einer gemeinsamen Lösung.

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General information

AuthorErste Group Research
Product nameShort Notes Hauptmärkte
Topic in focusMacro/ Fixed income
Economy in focusSwitzerland
Currency in focusSwiss Franc
Sector in focus-


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