Donato Scognamiglio: “It is an illusion that the Saron mortgage will always remain cheap”

“Then I go into the saron in the hope that saron will always remain cheap – obviously this is an illusion.” If the SNB raises interest rates further in December, as is generally expected, the Saron will also rise. “It doesn’t matter if mortgage inflation is already making itself felt or not, we will pay the bill.” In the case of fixed-rate mortgages, at the latest when it is necessary to extend the duration, or in the case of Saron when the next rate hikes occur. Borrowers therefore have no choice but to save or limit their consumption.