Market Information Friday 8 November 2024

The Bank of England lowered its interest rates on Thursday as expected, according to the decision by the British central bank. In early August, the BoE reduced the Bank Rate from 5.25% to 5.00%. Yesterday, it was further reduced to 4.75%. Moreover, the Federal Reserve lowered the interest rate by 25 basis points on Thursday as expected, following a 50 basis point cut to the federal funds rate in September.

The Swedish central bank cut its rate by 50 basis points on Thursday, bringing the Riksbank’s rate to 2.75%. Meanwhile, Norges Bank kept its rate unchanged at 4.50%, as indicated by the Norwegian central bank’s statement.

German industrial production contracted even further in September. According to data from Destatis, Germany’s industrial production declined by 4.6% year-on-year in September, while monthly production fell by 2.5%. In August, the annual contraction was 3.0%.

The 6M Euribor is unchanged at 2.92% compared to previous business day. The 10Y Swap is unchanged at 2.41% 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.