Market Information Thursday 24 June 2021

The Czech Republic’s central bank has increased its interest rate. This was announced by the Ceska Narodni Banka yesterday. The interest rate went up by 25 basis points to 0.50%. The new interest rate will be effective as of 24 June. On Tuesday, the Hungarian central bank was the first in the European Union to increase the interest rate from 0.6% to 0.9%.

The Dutch economy contracted more on a quarterly basis in the first quarter of 2021 than previously estimated. A second estimate by Statistics Netherlands (CBS) shows that the gross domestic product decreased by 0.8% on a quarterly basis in the first quarter. An earlier estimate pointed to a decrease of 0.5%.

The growth of economic activity in the United States decreased in June as a result of a lower index for the service sector. According to preliminary figures from Markit Economics, the composite purchasing managers index for the United States decreased from 68.7 in May to 63.9 in June. An index value greater than 50 indicates growth and less than 50 indicates contraction.

The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap is unchanged at 0.11% 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.