Market Information Friday 18 September 2020

Consumer prices in the eurozone decreased by 0.2 percent in August 2020 compared to August 2019. On a monthly basis, prices decreased by 0.4 percent in August 2020 compared to July 2020, according to figures published by Eurostat on Thursday.

The European Central Bank (ECB) has decided on Thursday to loosen capital requirements for banks due to the corona crisis. Large banks in the eurozone no longer need to include certain assets they deposit with the ECB to determine their unweighted capital buffer. As a result, the average leverage ratio of these banks would increase by approximately 0.3 percentage point from the current average of 5.36 percent.

In Germany, producer prices decreased by 1.2 percent in August 2020 compared to August 2019. On a monthly basis, the price level remained the same. This follows from figures published by Destatis, the German statistical office, on Friday. In July 2020, producer prices decreased by 1.7 percent compared to June 2019. From June 2020, there was a slight increase in prices of 0.2 percent in July 2020.

The 6M Euribor is unchanged at -0.46% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.23% 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.