The outlook for the inflation level remains well below the target of the European Central Bank (ECB). The ECB will consider whether further stimulus of the European economy is necessary. Philip Lane, the ECB’s chief economist, announces that the inflation outlook is “unsatisfactory”. Inflation in the euro area has been negative since August. The ECB expects inflation to increase to 1.3% in 2022, but that is still below its target of inflation close to 2%.
Dutch exports of goods were 2.3 percent lower in August than in the same month a year earlier. Especially the export of petroleum products, transport equipment and metal products declined. Also, fewer machines and equipment were exported according to the Central Bureau of Statistics (CBS). The volume of imports was 0.8 percent lower than a year ago.
The number of bankruptcies in the Netherlands increased slightly in September. This is reported by the Dutch Central Bureau for Statistics (CBS). However, the number of declared bankruptcies remains low. 8 more companies were declared bankrupt in September compared to August. Specifically, it concerned bankruptcies of 211 companies and institutions, excluding sole proprietorships.
The 6M Euribor is unchanged at -0.49% compared to previous business day. The 10Y Swap is unchanged at -0.22% 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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