Market Information Friday 11 June 2021

The ECB has decided to leave its policy rates unchanged, the bond purchase program also remains in place. Despite the continuation of its measures, the ECB is positive about the development of the economy. In March, the central bank expected economic growth for 2021 of 4.0% and this has now been revised to 4.6%. Growth in 2022 was also estimated higher at 4.7% compared to 4.1% in March.

Annual inflation in the U.S. hit 5% in May, the highest inflation rate since August 2008. Economists had already taken into account a strong inflation rate of 4.7%, but despite this the final figures came out higher than predicted. On a monthly basis, inflation in May was 0.7%, 0.2 percentage points higher than predicted. Core inflation also ended up high at 3.8%, the highest rate since 1992.

The Netherlands had slightly more bankruptcies in May than in April this year, but bankruptcies remain at a low level; 130 versus 125. Compared to May 2020 bankrupcties were substantially lower as 267 bankruptcies have been filed in May 2020. In February this year, the lowest number of bankruptcies since 1990 was declared in the Netherlands, 114. The current figures are thus still close to this historic low.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.07% 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.