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2023/03/29 / Erste Group Research

Positive Signals

Sentiment in the German economy improved in March: The ifo business climate index rose for the fifth time in succession and consumer confidence remained stable in the Eurozone. Energy prices are falling, inflationary pressure should ease and key interest rates are likely to peak in June. On the capital market, credit spreads have fallen accordingly in recent days. However, the tightening since the beginning of the year has been wiped out for the time being due to the uncertainty surrounding banks. We expect this uncertainty to decrease on a sustained basis and credit spreads to decline.

Special topic:

Issuer in focus: HYPO NOE

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General information

AuthorErste Group Research
Product nameCredit News
Topic in focusCredits/ Corporate bonds
Economy in focusAustria, Eurozone
Currency in focusEuro
Sector in focus-


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