Noch nie verfolgte die Notenbankpolitik wichtiger Länder einen so übereinstimmenden Ansatz wie in den letzten Jahren. Dies gilt für das Zinsniveau ebenso wie grundsätzliche geldpolitische Ansätze. Die Leitzinsen aller wichtiger Notenbanken (Fed, EZB, BoJ und BoE) verharren bei oder nahe an 0 %, die Bilanzen haben sich ausgeweitet und die Geldpolitik bleibt weiterhin äußerst vorsichtig. Alle betroffenen Länder haben ähnliche wirtschaftliche Probleme: hohe Schuldenquoten, niedrige Inflation und sinkendes Potenzialwachstum. In solch einem Umfeld will keine Notenbank eine „normale" Zinspolitik einleiten, welche im Alleingang zu einer aufwertenden Währung führen würde.
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