Industrial production in the United Kingdom was stable in October. This was revealed by figures from Britain’s official statistics office on Monday. On a monthly basis, British industry produced as much in October as in September. UK production was 0.3 percent higher in October compared to February 2020, the last month before the corona crisis broke out.
The European Central Bank (ECB) expects higher defaults, due to higher interest rates and a growing number of companies not repaying their loans. Therefore, the regulator will visit more banks in the coming year and conduct more “targeted” examinations. The ECB considers the probability of a recession real. Loans to energy-intensive companies and mortgages for residential and commercial real estate in particular will come under pressure.
Inflation in the Netherlands has dropped a bit in recent months, but this does not apply to food prices. Many products such as butter became more expensive in recent weeks. According to Statistics Netherlands, the price of food has risen an average of nearly 16% in one year. Rabobank’s own research calculates an annual average of 13% and expects that price increases to continue.
The 6M Euribor increased with 1 basis point to 2.47% compared to previous business day. The 10Y Swap increased with 2 basis points to 2.63% 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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