Swiss consumer price inflation is steady at 3.0% in November, which still exceeds the Swiss National Bank’s 0-2% target range, data showed on Thursday. The Swiss National Bank has already hiked rates twice this year to fight inflation. On Tuesday it was reported that the Swiss economy grew a real 0.2% in the third quarter versus the second quarter of 2022 and slowed to 0.5% year-on-year, lagging market expectations.
Greece’s unemployment rate eased to 11.6% in October from an upwardly revised 12% in September, data from statistics service ELSTAT showed on Thursday. The reading was the lowest recorded since March 2010, which was the start of Greece’s decade long economic crisis. The Greek economy is expected to grow by 1.8% next year, at a slower pace than initially expected, as soaring energy costs and higher inflation are seen hurting tourism and curbing domestic demand, the government’s 2023 final budget projected last month.
Eurozone manufacturing contracted less in November, final figures from S&P Global showed on Thursday. The manufacturing purchasing managers’ index rose to 47.1 in November from 46.4 in October, the highest reading in two months. A preliminary reading reported an index of 47.3.
The 6M Euribor decreased with 3 basis points to 2.41% compared to previous business day. The 10Y Swap decreased with 12 basis points to 2.54% 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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