Mortgage interest rates in the Netherlands have continued to rise since the summer. Interest rates for 20 and 30-year fixed (without National Mortgage Guarantee) now average 5% or more. This puts interest rates at the level of early 2013. And given the upcoming interest rate hikes by central banks, the end of interest rate rises does not yet seem to be in sight.
The German government wants to keep three of Germany’s last nuclear power plants on standby until April to avoid impending energy shortages. Chancellor Olaf Scholtz has asked the ministries of economy, environment and finance to make it legal for the three nuclear power plants to remain open until April 15.
The reversal of budget plans by the British government means that the Bank of England does not have to raise interest rates further, but markets expect the BoE to increase interest rates with 100 basis points to support investor confidence as much as possible. A move of 75 basis points would be considered the minimum by the market.
The 6M Euribor increased with 2 basis points to 2.03% compared to previous business day. The 10Y Swap decreased with 8 basis points to 3.24% 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.
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