Market Information Friday 23 July 2021

The European Central Bank announced that they will keep interest rates at low levels for as long as it takes to bring inflation to the 2.0% target. This was stated yesterday at the first meeting of the Governing Council after the announcement of the new inflation target (2.0%) a fortnight ago. President Christine Lagarde added that the ECB did not want to confirm that interest rates would now stay at a lower level for a longer period than under the previous target.

Sales of existing homes increased by 1.4% (month-on-month) in the United States (US) in June. This was reported yesterday by the National Association of Realtors. On an annual basis, existing home sales increased by 22.9%.

Consumer confidence in the eurozone has decreased in July, according to preliminary figures from the European Commission published yesterday. The confidence index reported this month to minus 4.4, compared to minus 3.3 in June.

The 6M Euribor increased with 1 basis point to -0.51% compared to previous business day. The 10Y Swap decreased with 3 basis points to -0.06% 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.