Market Information Friday 11 December 2020

The European Central Bank (ECB) announced on Thursday that the buy-back program (PEPP) to combat the negative consequences of the corona pandemic will be extended by nine months. The support program will now run at least until March 2022 and will be increased by 500 billion euros to 1850 billion euros. The official interest rates remained unchanged.

American consumer prices increased by 0.2 percent in November 2020 compared to October 2020. Economists had expected an increase of 0.1 percent, according to figures published by the US Department of Labor on Thursday. On an annual basis, consumer prices increased by 1.2 percent in November 2020 compared to November 2019. The monthly core inflation, i.e. adjusted for food and energy prices, also amounted to 0.2 percent in November 2020.

Final figures published by German statistical agency Destatis show that consumer prices in Germany decreased by 0.8 percent in November 2020 compared to October 2020. Compared to November 2019, consumer prices decreased with 0.3 percent. The figures are in line with a previous estimate.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.28% 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.