Market Information Friday 19 June 2020

The Bank of England announced on Thursday that the bond-buying program to limit the economic impact of the corona virus will be increased by 100 billion pounds. This brings the total value of the bond-buying program to 745 billion pounds. Economists had also anticipated an extension of the program. In addition, the Bank of England announced that the benchmark interest rate remains unchanged at 0.1 percent.

The European Central Bank (ECB) reported on Thursday that European banks have so far obtained a record amount of over 1300 billion euros from the European Central Bank (ECB) to fight the economic consequences of the corona virus. In total, 742 banks have now used the loans, the so-called TLTROs. The loans enable banks to borrow money from the ECB for three years, receiving up to 1 percent interest from the central bank in the first year.

New figures from Statistics Germany show that producer prices in Germany decreased by 0.4 percent in May 2020 compared to April 2020. In April 2020, product prices decreased by 0.7 percent compared to March 2020. On an annual basis, the producer prices decreased by 2.2 percent in May 2020 compared to May 2019.

The 6M Euribor decreased with 1 basis point to -0.22% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.14% 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.