Inflation in the Netherlands has decreased substantially to 11.2% in November compared to the price level for consumers in November 2021, according to the provisional figures of Stastics Netherlands (CBS). A big difference with October, when inflation was still 16.8%. This is mainly due to the reduced costs for energy, especially for fuels.
The Dutch industry contracted further in November, according to figures from S&P Global published on Thursday. The manufacturing purchasing managers’ index stood at 46.0 in November from 47.9 in October, the lowest level since June 2020. Despite this, employment rose for the twenty-fifth consecutive month, albeit the smallest increase since November 2020.
Bitcoin fell to less than $20,000 after peaking at $69,000 a year ago, but it seems only a matter of time before the cryptocurrency becomes definitively irrelevant. Ulrich Bindeil and Jürgen Schaaf of the European Central Bank (ECB) write this in a blog on Wednesday. The current stabilization is a “last gasp,” according to the central bank, and that was evident even before the bankruptcy of crypto exchange FTX pushed the price well below $16,000.
The 6M Euribor is unchanged at 2.44% compared to previous business day. The 10Y Swap decreased with 1 basis point to 2.66% 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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