Last week, Credit Suisse, Switzerland’s second-largest bank said it expects to make a pre-tax loss of up to 1.5 billion Swiss francs ($1.6 billion) during Q4 and revealed that wealthy clients had made hefty withdrawals, leading to a big drop in liquidity, breaching some regulatory limits.
Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually, seeking ways to nurture the country’s growing climate finance market. The BOJ last year rolled out a funding scheme targeting activities aimed at combating climate change, as part of efforts to align itself with a global push toward a greener society. Under the scheme, the central bank offers zero-interest loans twice a year to banks that boost green and sustainable loans. It has lent 3.6 trillion yen ($26 billion) to 63 financial institutions under the scheme.
The current level of Polish interest rates is having a positive impact on the economy and the Monetary Policy Council’s (MPC) pause in policy tightening will continue, MPC member Ireneusz Dabrowski said. Earlier this month the MPC left its main interest rate unchanged at 6.75% for the second month in a row, and National Bank of Poland (NBP) Governor Adam Glapinski said Poland’s rate hike cycle is paused but could continue. Dabrowski said that based on current data it is not possible to determine how long the Council will decide to leave interest rates at the current level.
The 6M Euribor increased with 1 basis point to 2.37% compared to previous business day. The 10Y Swap increased with 10 basis points to 2.67% 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.
Managed by Sluijmer Multimedia and hosted by True.