MarketThoughts.com Home Page
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups  StatisticsStatistics   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 
Swiss Rate Hike

 
Post new topic   Reply to topic    MarketThoughts.com Forum Index -> The Europe Board
View previous topic :: View next topic  
Author Swiss Rate Hike
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 9734
Location: Sunny California
PostPosted: Thu Jun 14, 2007 6:13 am    Post subject: Swiss Rate Hike Reply with quote
Slowly but surely:


http://www.bloomberg.com/apps/news?pid=20601087&sid=a0dRnxNEfw34&refer=home
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
Post new topic   Reply to topic    MarketThoughts.com Forum Index -> The Europe Board
Author Swiss Rate Hike Replies
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 8557
Location: Houston, Texas & Los Angeles, California
PostPosted: Sun Jun 17, 2007 3:55 am    Post subject: Reply with quote
Yes, while everyone and his neighbor (including us) is looking at the Yen carry trade, the Swiss Franc carry trade is getting by without much notice, despite this:

http://www.bbj.hu/main/news_27726_swiss+rate+rise+turns+screw+on+east+europe.html

Quote:
In Hungary, over 80% of all new home loans and half of small business credits have been taken out in Swiss francs over the past year. A similar pattern is emerging in Croatia, Romania, Poland, and the Baltic States, although the mix between francs, euros, and the yen varies. The fashion for borrowing in Swiss francs began this decade when Switzerland dropped rates to 0.75% to stave off deflation, making it the cheapest source of capital in Europe. External lending in Swiss francs has reached $643 billion, says the Bank for International Settlements.
Back to top
View user's profile Send private message Send e-mail Visit poster's website

Please log in to view without the ad banners
Display posts from previous:   
Post new topic   Reply to topic    MarketThoughts.com Forum Index -> The Europe Board All times are GMT - 6 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB