Consumer prices in the Netherlands in September have increased at a lower rate than in August. According to Statistics Netherlands (CBS) the increase is lower because of price developments of bungalow park accommodations and that of fresh vegetables and potatoes. The prices for consumer goods and -services in September are 2.6 percent higher than the previous year.
According to market researchers Caixin and Markit, economic activity in the Chinese non-manufacturing sector showed lower growth in September than in previous month. The Non-Manufacturing Index was 51.3 in comparison to 52.1 in August. Economists expected a value of 52.
The use of negative interest rates and asset purchase programs by European central bank is justified in a new report of the Bank for International Settlements (BIS). The report shows the effect of monetary policies in last years. According to the bank the negative side effects of the stimulation by central banks does not outweigh the benefits.
The 6M Euribor is unchanged at -0.39% compared to previous business day. The 10Y Swap increased with 2 basis points to -0.15% 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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