Market Information Friday 31 January 2025

The growth of the U.S. economy slowed in the fourth quarter. Preliminary figures from the U.S. Department of Commerce show an increase of 2.3 percent. This is a decrease compared to 3.1 percent growth in the third quarter and 3.0 percent growth in the second quarter.

The European Central Bank has once again reduced the official interest rates by 25 basis points, setting the deposit facility at 2.75 percent. This decision is based on a renewed assessment of inflation expectations and economic developments. The ECB emphasizes that the disinflation process is proceeding as planned, with inflation on track to reach the 2 percent target later this year.

Italy’s economy showed no growth in the second half of 2024, culminating in an GDP increase of just 0.5% in 2025. Without economic momentum carrying into 2025, achieving the government’s 2025 growth target of 1.2% seems increasingly unlikely.

The 6M Euribor increased with 1 basis point to 2.60% compared to previous business day. The 10Y Swap decreased with 6 basis points to 2.47% 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.