Market Information Thursday 9 September 2021

The ECB will publish its interest rate decision today. The question is whether the central bank will start the discussion on gradually reducing bond purchases. One reason could be that the inflation rate increased to 3%, above the ECB’s target of just under 2.0%. The pandemic purchasing program is therefore expected to be revised downwards slightly.

Producer prices in China increased even more in August than in July. This was reported today by the Chinese Bureau of Statistics. On an annual basis, prices increased in August by 9.5%, in July the increase was 9.0%.

The Dutch economy is recovering more strongly than that of other European countries, and Dutch GDP in the third quarter of this year will probably be back above the level before the corona crisis. This is evident from Rabobank’s quarterly report that was published today. The Dutch economy is expected to grow by 4.2% this year, followed by 3.7% growth in 2022.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.04% 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.