Market Information Thursday 17 June 2021

As expected, the Federal Reserve (Fed) left the key federal funds rate unchanged during Wednesday’s interest rate decision. In contrast to the meeting in March, two interest rate increases have been announced for 2023. The interest rate will increase in two steps of 0.25 percentage point each. The discount rate was maintained at 0.25%. The Fed also maintained its bond-buying program. The Fed provided the context to continue to use its full range of instruments to support the US economy, in which with the striving to maximize employment and further its price stability goals.

Chinese industrial production again increased sharply in May 2021, based on government figures published yesterday. Production increased 8.8% in May, year on year. On a monthly basis, this was a production increased by 0.52%.

Inflation in the United Kingdom increased further in May 2021, based on figures from the ONS statistics agency. Prices increased by 0.6% on a monthly basis. The Bank of England aims for an inflation level of 2.0%.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap decreased with 2 basis points to 0.09% 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.