Market Information Friday 4 August 2023

The Bank of England, as expected, raised the interest rate by 25 basis points to 5.25% on Thursday. Out of the nine members of the policy committee, six members voted for a 25 basis point increase, two members favoured a 50 basis point increase, and one member wanted to leave the interest rate unchanged.

Producer prices in the eurozone declined again in June. This was revealed on Thursday by Eurostat, the European statistical agency. On a monthly basis, producer prices decreased by 0.4%, following a decline of 1.9% in May.

According to a preliminary estimate, the U.S. service sector grew at a slower pace in July. Data from S&P Global, published on Thursday, revealed that the purchasing managers’ index (PMI) for the service sector declined from 54.4 in June to 52.3 last month.

The 6M Euribor decreased with 1 basis point to 3.94% compared to previous business day. The 10Y Swap increased with 7 basis points to 3.19% 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.