Market Information Monday 25 March 2024

In January, German import prices continued to decline sharply, with an annual decrease of 5.9 percent, according to data from the German Federal Statistical Office. However, on a monthly basis, prices remained unchanged, following a previous 7.0 percent year-on-year decline in December.

Federal Reserve official Raphael Bostic expects only one interest rate cut by the Federal Reserve this year, revising down his earlier prediction of two cuts, citing concerns about persistent inflation and a stronger-than-expected US economy.

The likelihood of an interest rate cut by the European Central Bank is increasing, according to ECB official Joachim Nagel, with a possible cut before the summer vacation, with June considered more favorable than April. However, he warns against too rapid or automatic subsequent cuts and emphasizes that the ECB should not overly focus on other central banks globally.

The 6M Euribor decreased with 1 basis point to 3.90% compared to previous business day. The 10Y Swap decreased with 7 basis points to 2.62% 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.