Market Information Friday 11 March 2022

The European Central Bank (ECB) announced yesterday that, despite high inflation in the Eurozone, the current interest rate policy will be maintained. This means that the deposit rate will remain at 0.50% negative, the policy rate at 0.0% and the penalty rate at 0.25%. However, the bond purchase programs will be reduced. The Pandemic Emergency Purchase Programme will be discontinued at the end of March and the Asset Purchase Programme will be reduced to EUR 40 billion in April, EUR 30 billion in May and EUR 20 billion in June.

The number of bankruptcies in the Netherlands increased by 41 in February this year to 150, Statistics Netherlands (CBS) reported this morning. In 2018 and 2019, the number of monthly bankruptcies still hovered around 250, but since the peak of 338 in April 2020, this number has fallen sharply. In August 2021, the number of bankruptcies reached its lowest level since December 1990. In February 2022, of all industries, the trade sector had the highest number of bankruptcies, at 27.

Between February 26 and March 2, 227,000 initial jobless claims were filed in the United States. The number of new applications unexpectedly increased by 11,000 compared to a week earlier. Analysts had actually expected a decrease of 1,000. The total number of applications remains around the level of before the coronapandemic.

The 6M Euribor increased with 2 basis points to -0.42% compared to previous business day. The 10Y Swap increased with 6 basis points to 0.96% 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.