The total value of Dutch agricultural exports in 2021 was EUR 104.7 billion. This was published this morning by Statistics Netherlands. Exports increased by EUR 9 billion compared to 2020, thereby exceeding EUR 100 billion for the first time. The Netherlands earned about EUR 46.1 billion from the exports. Of these exports, 26.1% went to Germany, 12% to Belgium, 8% to France and 8% to the United Kingdom (UK). Exports to France rose by 14% and to the UK by 0.4%, making France the Netherlands’ third most important export country for the first time.
China lowered its interbank rate, the Loan Prime Rate (LPR), for the second month in a row. The standard LPR rate was cut from 3.80% to 3.70% and the 5-year LPR went from 4.65% to 4.60%. Earlier this week, the interest rate on a 1-year LPR was also lowered so analysts had been expecting a further cut. Nevertheless, the reduction is notable. The last time China cut its interest rates for two months in a row was almost two years ago.
Annual inflation in the Eurozone reached 5.0% in December 2021, slightly up from November 2021 when it was 4.9%. The main drivers of inflation are energy prices (25.9%) followed by food and alcohol (3.2%) and industrial products (2.9%).
The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.40% 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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