After a contraction of 3.7% in 2020, the Dutch economy is set to recover this year. According to De Nederlandsche Bank (DNB), gross domestic product will be 3% higher this year. Next year, growth is even expected to reach 3.7%, before slowing down to 1.9% in 2023, according to DNB’s new half-yearly estimates. In December 2020, DNB expected the economy to grow 2.9% in 2021.
The European Commission is entering the capital market for the first time to raise money for the EU recovery fund. If market conditions remain convenient, a group of five banks will arrange the issue of the first bond today with a ten-year maturity and a nominal value of EUR 10 billion.
The price of bitcoin jumped 12% to over USD 40,000 on Monday after Tesla CEO Elon Musk said he would embrace the cryptocurrency again if bitcoins are mined using less oil, coal and other fossil fuels.
The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.09% 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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