Market Information Wednesday 13 August 2025

Yesterday, the Reserve Bank of Australia cut its key interest rate to 3.60 percent after inflation fell to 2.1 percent in the second quarter, the lowest level in more than three years. The move comes amid weaker-than-expected economic growth and a downward revision of the 2025 GDP forecast to 1.7 percent, while U.S. import tariffs continue to put additional pressure on trade conditions.

US inflation was 2.7% in July, matching June’s rate despite Donald Trump’s trade tariffs. Petrol prices fell 9.5% over the past year, while core inflation rose from 2.9% in June to 3.1%. Futures markets now price in about a 95% chance of a quarter-point Federal Reserve rate cut next month.

Confidence in the German economy declined sharply in August, according to recent figures from the ZEW institute. Expectations dropped significantly from 52.7 to 34.7, while the assessment of the current situation also worsened, falling from -59.5 to -68.6.

The 6M Euribor increased with 1 basis point to 2.09% compared to previous business day. The 10Y Swap increased with 4 basis points to 2.69% 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.