The European Central Bank (ECB) decided on Thursday to leave its monetary policy unchanged. The main policy rates stay the same and the buy-back program, PEPP, remains unchanged at EUR 1,350 billion as well. President Christine Lagarde emphasized that the economic outlook remains downward, despite the economic recovery in May and June.
The corona crisis is estimated to cost Dutch municipalities approximately EUR 1.5 to 1.8 billion this year. This follows from research by the research agency Andersson Elffers Felix, commissioned by the Association of Dutch Municipalities. In this estimate, the research agency assumes that a second wave of the virus will not materialize. Otherwise, the costs could rise to EUR 2.8 billion. Municipalities generate less income from tourist tax and paid parking, while expenditure on support for associations and social services has increased.
New figures from the US government show that sales in the US retail sector increased by 7.5 percent in June 2020 compared to May 2020. In May 2020, sales also increased by 18.2 percent compared to April 2020. On an annual basis, retail sales increased by 1.1 percent in June 2020 compared to June 2019.
The 6M Euribor is unchanged at -0.33% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.20% 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.
Managed by Sluijmer Multimedia and hosted by True.