The European Central Bank (ECB) decided on Thursday to maintain the current monetary policy. The ECB chose to leave interest rates unchanged and not to expand its buy-back programs any further. The decision of the ECB is in line with analysts’ expectations.
Producer prices in the United States increased by 0.3 percent in August 2020 compared to July 2020. This follows from new figures published by the US Department of Labor on Thursday. In July 2020, prices increased by 0.6 percent compared to June 2020. For August 2020, economists had expected an increase of 0.2 percent on a monthly basis. On an annual basis, there was a 0.2 percent decrease in producer prices in August 2020 compared to August 2019.
Consumer prices in Germany decreased by 0.1 percent in August 2020 compared to July 2020. This follows from final figures published by the German statistics agency Destatis on Friday. On an annual basis, prices remained unchanged in August 2020 compared to August 2019.
The 6M Euribor is unchanged at -0.46% compared to previous business day. The 10Y Swap increased with 2 basis points to -0.17% 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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