Wednesday, the U.S. Federal Reserve (Fed) decided to keep its benchmark interest rate unchanged at 0.25% to 0.5%. It is unclear if the Fed will increase its benchmark interest rate during its next meeting in June 2016.
Yesterday, oil prices have increased significantly. A barrel of US oil (WTI) rose to USD 45.03 and Brent crude oil increased to USD 46.94 per barrel, the highest level in six months. The increase is mainly caused by the decrease in the US crude production and the higher forecast for crude oil prices published by the World Bank.
The British economy increased in the first quarter of 2016 with 0.4%. This is a slight decline of growth compared to the last quarter of 2015 (0.6%). The growth rate is the lowest in the last three years. The slowdown is partly caused by a low growth rate of the service sector and the fall in construction and industrial output.
The 6M Euribor remained unchanged at -0.14%. The 10Y Swap decreased with 4 basis points to 0.65%.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: firstname.lastname@example.org.
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