Based on figures published by Statistics Netherlands (CBS) this morning, the number of bankruptcies increased in 2019 compared to 2018. In 2019, 3,208 companies and institutions were declared bankrupt. This is 2.0% more than in 2018. The increase of the number of bankruptcies was most notable in specialist business services.
Gertjan Vlieghe, member of the Monetary Policy Committee of the Bank of England (BoE), informs the Financial Times that he will vote for an interest rate cut later this month. The BoE has an interest rate meeting on January 30, currently the most important interest rate is 0.75%. According to Vlieghe, there must be a significant improvement in the economy in order to postpone an interest rate cut. Mark Carney, the Governor of the BoE, came earlier with a similar conclusion.
Employment in the United States increased at a lower rate in December than expected. Figures from the US Department of Labor show that 145,000 jobs were created in December, excluding the agriculture sector. In November, US employment increased by 256,000 jobs.
The 6M Euribor is unchanged at -0.33% compared to previous business day. The 10Y Swap is unchanged at 0.16% 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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