Market Information Friday 30 October 2020

The European Central Bank (ECB) decided on Thursday to maintain the current interest rate policy. This is in line with analysts’ expectations. In addition to the interest rate policy, the ECB also left the buy-back program (PEPP) unchanged. In addition, the ECB stated that the growth and inflation forecasts of December 2020 must first be awaited before new measures are taken.

Consumer prices in Germany increased by 0.1 percent in October 2020 compared to September 2020. Compared to October 2019, prices decreased with 0.2 percent. This follows from provisional figures published by the German statistical office Destatis on Thursday. Economists expected that the price level would remain stable on a monthly basis and decrease by 0.3 percent on an annual basis.

Consumer confidence in the eurozone decreased in October 2020. The index that reflects confidence decreased to 15.5 negative, from 13.9 negative in September 2020. In August 2020, the index was 14.7 negative. The economic sentiment index remained unchanged at 90.9.

The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap increased with 1 basis point to -0.27% 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.