Tomorrow, Thursday 12 September, the next meeting of the European Central Bank (ECB) will take place. President Draghi is expected to announce a new stimulus package. From March 2015 until the end of 2018, the ECB already bought €2,600 billion in Eurozone bonds. Inflation has decreased since mid-2018 and has been fluctuating around 1.5%. Meanwhile, interest rates on saving accounts have decreased to almost 0%.
The French National Statistical Office reported that production in the French industry increased by 0.3% in July 2019, compared to a 2.3% decrease in June 2019. Economists expected a production growth of 0.5%. On an annual basis, production in the French industry decreased by 0.2% in July.
According to President Klaas Knot of De Nederlandsche Bank, a larger rental sector is needed for a healthy housing market. According to Knot, start-ups could also benefit fully from this.
Starters would then have an attractive alternative to buying and would be able to save for their first home and would therefore have to borrow less.
The 6M Euribor increased with 1 basis point to -0.41% compared to previous business day. The 10Y Swap increased with 3 basis points to -0.13% 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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