The Federal Reserve needs to keep raising borrowing costs to bring high inflation under control, according to U.S. central bank officials. St. Louis Fed President James Bullard, who was among the central bank’s earliest advocates last year of a stronger response to fast-building price pressures, said that given the strength of the economy he is currently leaning toward supporting a third straight 75-basis-point interest rate hike.
Purchasing power in the Netherlands declined substantially due to rising inflation, according to new figures published by the Central Planning Bureau (CPB). An average household loses 6.8% of purchasing power this year, the highest percentage in decades.
More than 1,900 workers at Britain’s biggest container port will strike this week. Their union and shipping companies warn that this could seriously affect trade and supply chains. The staff at Felixstowe are in a dispute over pay, as their union demands higher wages for members facing a cost-of-living crisis due to high inflation.
The 6M Euribor increased with 8 basis points to 0.83% compared to previous business day. The 10Y Swap increased with 13 basis points to 2.04% 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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