Yesterday the ECB announced that it will leave its policy rate unchanged for the time being. Therefore it will therefore remain at 0.0%. The pace at which bonds will be purchased will be adjusted downwards. This concerns only the pace of the corona emergency fund (PEPP), approximately EUR 80 billion per month, and not the regular purchase program of EUR 20 billion. ECB President Christine Lagarde emphasized that these decisions do not mean that the economy has fully recovered. In December the ECB will meet again to decide whether further tapering of monetary policy is desirable.
The volume of Dutch exports increased by 8.4% in July compared to a year earlier and 5.9% compared to 2019. Figures published by the Statistics Netherlands showed. Dutch exports declined sharply last year at the start of the corona crisis, with a contraction of 12.7% in April as the low point.
The number of initial jobless claims in the United States fell by 35,000 to 310,000 last week. This is the lowest number of applications since the outbreak of the corona crisis. The four-week moving average also reached its lowest point since March 2020, at 339,500
The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap decreased with 4 basis points to 0.00% 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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