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Statement by Volker Schmidt, Senior Portfolio Manager, on the upcoming ECB decision

Learn what developments our Portfolio Managers expect on a macroeconomic level for 2023.

Can and will the European Central Bank (ECB) raise its key interest rates further in 2023? Which peak can be expected? Volker Schmidt presents three scenarios.

In December, central banks around the world raised interest rates. From Canada to the U.S.; the eurozone to Switzerland; Norway to the UK, key rates were raised everywhere: “seven at one blow”, as the Brothers Grimm would say! Further rates hikes will come this year but the pace will be slower.

The first three quarters of 2022 ended with a bitter realization for many investors who had blindly bet on prices to continue to rise in the rush for cheap money of recent years. They were faced with losses on an historic scale. Learn more about the criteria for Ethna-AKTIV's success in 2022.