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Swiss Rate Hike

 
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rffrydr
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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
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HenryTo
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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.
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