Market Insights

Market Information Friday 22 March 2024

The Bank of England kept its key interest rate unchanged at 5.25 percent on Thursday. The central bank remains vigilant about persistent inflationary pressures and economic resilience, anticipating a temporary decline in inflation in the second quarter and a potential gradual increase later in the year.

In February, unemployment in the Netherlands rose to 379,000, the highest number in a year and a half, according to figures reported by Statistics Netherlands. The unemployment rate increased from 3.6 to 3.7 percent, primarily because more people were actively seeking employment, not because more jobs were lost.

Preliminary figures from S&P Global indicate that the American services sector grew slightly less than expected in March, with a purchasing managers’ index of 51.7 compared to the expected 52.0, while the purchasing managers’ index for the industry rose to 52.5 compared to an expected 51.8. However, the composite index decreased from 52.5 to 52.2.The 6M Euribor is unchanged at 3.91% compared to previous business day.

The 10Y Swap decreased with 2 basis points to 2.69% 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.

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