Interesting post, publish by N-TV mobile.
No fear of inflation
percent over three secure return
Even if the fuel is more expensive, inflation moves overall, in a good frame. The ECB has no reason to raise its key interest rate considerably. Investors should, therefore, the flexibility the overnight account not buy too expensive.
about the specter of inflation. The Germans are afraid of inflation. Meanwhile, inflation in Germany to a two-year climb high: according to the Federal Statistical Office, the consumer prices in January compared to the previous month increased by 1.9 percent.
But that is no reason for concern. There are several reasons. First, inflation is still below the threshold of two percent in the talks, the European Central Bank (ECB) from a stable price level. Second, due mainly to higher energy costs to increase. Gasoline and heating oil have become much more expensive.
Perceived inflation higher
Since the Germans now but the pump prices are very present, perceived inflation is significantly higher than the actual price increase. The Federal Statistical Office calculates inflation using a consumer price index. This sums up the price of a basket, composed of 700 types of goods and includes all the typical expenses such as rent, food, clothing and services to households. Especially in the field of telecommunications services - for example, mobile phone tariffs, phones and Internet connections - Have become much cheaper. These savings can be perceived by the Germans, but less than the price increases in other areas.
In the wake of inflation moving in tend to have the investment and lending rates, as the ECB tries with its monetary policy to influence inflation. Rising inflation, rising interest rates also. But here is still dead trousers. "We have neither the call money and hard money loans still at significant changes," Max Herbst, chief of the FMH-financial deliberation, in an interview with n-tv.de. "Fear of inflation has not currently have."
little movement on the interest rate market
a risk of inflation would, according to autumn, when would rise in wage negotiations, the salaries of more than three percent. This danger, however, he estimates a minimum. For fear-mongering he has little left. "We were during the financial crisis at an all time low and now again approaching the normal values," Herbst said. At the height of the plant expects interest rates fall in the coming months with little movement.
The ECB may, however, have not only the German market in mind. In the euro zone inflation climbs already over two percent. Nevertheless, with an interest rate hike is not expected for now. "The European Central Bank is confident that the current rise in inflation is temporary and related to the increase in prices of certain raw materials, "said ECB executive board member Jose Manuel Gonzalez-Paramo." We hope that inflation at the end of the year falls. "If not will the ECB to intervene.
For autumn, the situation on the interest rate market is reason enough money also found time for two or three years to create. "If the money is not definitely needed, replaced with a three-year investment term interest rates over three percent," the interest rate expert . This is evidenced by our hard money Comparison Calculator . Who does not dispense with the investment of funds on the German deposit insurance will, find current contract prices from the Santander Consumer Bank (3.0 percent per year) and the Targobank (3.1 percent pa). Gained a lot more still put the Dutch bank NIBC Direct (3.3 percent pa) and the Estonian BIGBANK AS (3.45 per cent pa). Here € 100,000 each are guaranteed by the state.
flexibility costs return
When allowance you have to make do with about one percentage point less. The top offer is currently at 2.3 percent, from the Alliance Bank. Interest is guaranteed but only for amounts up to 20,000 € and a duration of six months. Higher amounts are one percent per year interest. For months, with a consistently high interest rate is the Ikano Bank, a subsidiary of Sweden's Ikea Group, represented in the market. Supervisors Mastercard credit card account will be paid 2.22 percent per year.
To compensate for this difference to the time deposit, should the interest rates are already rising strongly. This shows a simple calculation. Whoever 10,000 euros for a term of three years creates an interest rate of 3.1 percent per year, is rich without taking into account effects of compound interest at the end of the term of 930 Euro. If, however, remains stuck in the daily allowance, which remains long on the current level a year at 2.2 percent per year, would be for a year 220 Euro interest rates once rich. The overnight interest rate would then climb in the remaining two years to an average of 3.55 percent, to reach the same as in the fixed deposit interest income.
Much higher losses result, however, when thinking of the billions of euros to park without interest to the Germans, mostly on the current account. To the German Federal Bank, the investors a total of about € 567 billion hoard of checking and money market accounts. Experts estimate that nearly 200 billion euros of it doing nothing to current accounts. Who hoards his money here, takes into account that it is always worth less every day.
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