Market Information Friday 7 March 2025

The European Central Bank (ECB) has lowered interest rates by 25 basis points, as expected. The deposit facility rate decreased from 2.75% to 2.50%, the main refinancing rate from 2.90% to 2.65%, and the marginal lending facility from 3.15% to 2.90%.

The U.S. trade deficit increased significantly in January, rising 34% compared to December 2024, from $98.1 billion to $131.4 billion, driven mainly by a sharp rise in imports. Analysts had forecast a deficit of $128.7 billion. The increase was primarily in goods, not services.

U.S. labor costs rose 2.2% in Q4 2024, outpacing productivity growth. However, the increase was lower than the 3.0% increase expected by analysts.

The 6M Euribor increased with 1 basis point to 2.35% compared to previous business day. The 10Y Swap increased with 2 basis points to 2.66% 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.