From the notes of the last FOMC meeting, it became apparent that Janet Yellen and several Federal Reserve officials are reluctant to increase interest rates by the end of March. They noted that increasing the target range too soon would signal a sense of urgency. Earlier this year the expectation of four rate hikes was brought back to two interest hikes in 2016. In a reaction, Yellen announced to be cautious in future interest rate steps.
Wednesday, a majority of the Dutch population voted against the EU’s association agreement with Ukraine. This makes the Netherlands, after Denmark, the second European country where the population has indirectly voted “no” to the European Union. The EU is now waiting for a response from the British population, concerning the British referendum about EU membership on June 23rd.
According to released figures from the International Air Transport Association (IATA) the global air freight markets showed a decrease of 5.6% in February compared to February 2015. This decrease was caused by the US port strikes in early 2015, and Chinese New Year falling in February decreasing transportations to Asia.
Figures from Statistics Netherlands (CBS) show that the inflation in the Netherlands in March 2016 increased with 0.6% compared to March 2015. The Dutch inflation reached a stable level for over half a year. The consumer prices were reduced by the price developments of petrol. However, price movements of airplane tickets, hotels and bungalows increased the Dutch inflation, due to Easter in March.
The 6M Euribor remained unchanged at -0.13%. The 10Y Swap increased with 1 basis point at 0.51%.
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: email@example.com.
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