According to research commissioned by the European Committee, the Netherlands is ranked fourth in the list of most innovative countries in the EU. Only the Scandinavian member states are ranked higher. On a regional level, the Dutch regions Utrecht, Noord-Brabant and Noord-Holland are in the top 25 of most innovative regions in the EU.
The British Office for National Statistics reports that inflation decreased to 2% in May, compared to 2.1% in April. The inflation in May is in line with the inflation objective of the British Central Bank. The decrease is primarily caused by decreased prices of airplane tickets and cars.
The Federal Reserve reports after a policy meeting of the Federal Open Market Committee (FOMC), that interest rates will not be cut. However, almost all FOMC members think that there is a considerable chance that interest rates may be cut later this year. Reasons for that could be increasing trade tensions and growth expectations for the global economy.
The 6M Euribor decreased with 1 basis point to -0.28% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.22% 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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