US producer prices rose 9.7% in January from a year earlier. In addition, the month-on-month increase compared to December was the highest in eight months. The increase is a new signal of persistent inflation that is likely to force the US central bank system to raise interest rates in March.
Preliminary calculations published by Statistics Netherlands (CBS) show that the Dutch economy has grown by 4.8% in 2021. Thereby, the contraction in the recession year 2020 has been more than made up for. CBS does point out that these figures are surrounded by greater uncertainty due to the corona crisis.
Turkish President Erdogan discussed the major benefits for investment in his country during a visit to the United Arab Emirates on Tuesday. Several trade agreements were concluded during the visit – the first since 2013 after a long period of animosity, Reuters reported. Inflation is currently very high and the country has seen strong declines in lira exchange rates.
The 6M Euribor increased with 1 basis point to -0.45% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.86% 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.
Managed by Sluijmer Multimedia and hosted by True.