Market Information Thursday 05 February 2026

UK grocery price inflation slowed to 4% in the four weeks to January 25th of this year, the lowest since April 2025, as households traded down to own brand and discounted goods. Promotional spending rose 10.9% year on year while full price sales grew just 1.7%, with own brand products taking more than half of total grocery spend, a record share. Despite easing momentum, food prices are still rising faster than overall inflation, underscoring continued pressure on household budgets.

Australia’s central bank lifted the cash rate to 3.85 percent from 3.6, judging inflation pressures persistent as demand ran stronger than expected, marking the first major hike of the year. Three-year bond yields rose 5 basis points to 4.34 and the currency climbed to 69.92 US cents, while trimmed mean inflation hit 3.4 percent and unemployment hovered near 4.1 percent. Forecasts for growth and jobs were raised, though economists see the move as a likely one off.

French inflation fell to a five-year low as energy prices dropped, undershooting the ECB target. Consumer prices rose 0.4 percent year on year in January, down from 0.7 percent and below a 0.6 percent forecast, the weakest pace since late 2020. With euro area inflation near 2 percent, policymakers are expected to keep rates unchanged today.

The 6M Euribor increased with 1 basis point to 2.16% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.88% 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.