Fecha de Ingreso: 25-abril-2006
165 Agradecimientos de 90 mensajes
Iniciado por josemazgz
Que veían clara la subida por la baja inflación??? que me lo expliquen
Se habrán liado con la traducción, en el artículo en inglés nombran "inflation risks":
DATAWATCH SNB's rate hike addresses domestic concerns; demonstrates independence
Thu, Sep 13 2007, 14:08 GMT
ZURICH (Thomson Financial) - The Swiss National Bank's latest interest rate hike, its eighth consecutive rise in less than two years, underlines the central bank's primary concern with domestic issues such as inflation and persisting weakness of the Swiss franc.
In contrast, the potential fall out from the global credit market crisis is seen as less severe for the Swiss economy, a view underlined by its unchanged GDP growth forecast of 'close to' 2.5 pct for 2007.
The SNB's decision to hike the Libor 2.75 pct also underlines its independent stance as many economists had expected it would follow the European Central Bank's example and pause in its recent rate hiking policy.
The SNB clearly focused more on national growth prospects and inflation risks rather than international turbulences, Zuercher Kantonalbank economist David Marmet said.
Marmet said he was surprised by the central bank's decision and had expected rates to remain unchanged given an abstention would have entailed few risks.
However, the SNB's decision to hike rates was welcomed by most economists.
"The hike is consistent with previous comments regarding GDP and inflation risks," KOF economist Stephan Betschart said.
"The SNB has clearly shown more transparency and consistency than the ECB," he added, saying the move could also be a demonstration of independence.
Marmet as well as Julius Baer economist Janwillem Ackett also noted that today's rate hike will give support to the Swiss franc, which is generally seen as undervalued.
On the other hand, the the central bank's move is unlikely to have a significant impact on the Swiss market, as it is mainly of technical nature, UBS economist Reto Huenerwadel said.
"The SNB merely adjusted the target Libor to current market realties after the rate had recently climbed to as high as 2.9 pct," he explained.