The US economy grew at a slower pace in the fourth quarter of 2022. This was revealed by the US government’s second estimate on Thursday afternoon. US gross domestic product growth came in at 2.7%, versus 2,9% expected. In the third quarter, the US economy still grew by 3.2%.
Eurozone inflation fell in February, but slightly less than anticipated. This was revealed by Eurostat figures on Thursday. Prices rose 8.6% year-on-year last month versus 9.2% in December, preliminary figures for January pointed to a decline to 8.5%. Core inflation, a key gauge for the ECB, was 5.3% year-on-year in January, also a fraction higher than the 5.2% reported with the provisional figures. In December, core inflation stood at 5.2%. On a monthly basis, consumer prices fell 0.2% and core prices fell 0.8%.
Turkey’s central bank cut its main interest rate to 8.5% from 9% on Thursday, in an attempt moving to cushion the economic impact of a devastating earthquake that killed more than 43,000 people in country’s south on Feb 6. The cut was expected following the disaster, though some economists had predicted a considerably bigger reduction. “It has become even more important to keep financial conditions supportive to preserve the growth momentum in industrial production and the positive trend in employment after the earthquake,” the central bank said in a statement.
The 6M Euribor decreased with 3 basis points to 3.20% compared to previous business day. The 10Y Swap decreased with 3 basis points to 3.07% 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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