Market Information Friday 6 May 2022

The Bank of England (BoE) has, in line with expectations, raised interest rates further. Yesterday the BoE announced its decision. The key interest rate was raised by 25 basis points to 1.00%. The decision was not unanimous. Opponents preferred to see an interest rate hike of 50 basis points. The British key interest rate is now at its highest level in 13 years.

Between April 23 and April 30, 200,000 initial jobless claims were filed in the United States. The number of new claims rose sharply by 19,000 compared to a week earlier. Analysts had only factored in an increase of 1,000. However, the number of applications still hovers around the lowest point in over 50 years.

The closing price of a barrel of West Texas Intermediate (WTI) was 0.4% higher at the end of the day yesterday than at the beginning. A price of a barrel of WTI now stands at USD 108.26, despite the news that OPEC+ will increase its output by another 432,000 barrels per day.

The 6M Euribor decreased with 1 basis point to -0.21% compared to previous business day. The 10Y Swap increased with 6 basis points to 1.82% 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.