Market Information Friday 18 October 2024

In the Eurozone, consumer prices rose slightly less than previously reported, with a year-on-year inflation rate of 1.7% for September, down from 2.2% in August. The European Central Bank aims for an inflation rate around 2% and lowered official interest rates with 0.25%. Core inflation remained at 2.7% year-on-year, with a monthly increase of 0.1%. Service inflation was reported at 3.9%, decreasing from 4.1% in the previous month.

The unemployment rate in the Netherlands remained steady at 3.7% in September, with 377,000 unemployed individuals. Over the past three months, an average monthly increase of 2,000 unemployed were reported. At the end of September, 172,300 unemployment benefits were registered by UWV.

Turkey’s central bank maintained its key interest rate at 50% for the sixth consecutive month. Inflation in Turkey in September was around 49%, the lowest level since June 2023, compared to 52% in August.

The 6M Euribor decreased with 1 basis point to 3.05% compared to previous business day. The 10Y Swap increased with 1 basis point to 2.39% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.