Market Information Wednesday 18 January 2023

The Bank of Japan left interest rates unchanged on Wednesday. This was reflected in the central bank’s interest rate decision this morning. Late last year, the bank decided to purchase long-term Japanese government bonds at a higher maximum yield by raising the rate from 0.25 percent to 0.50 percent. Today’s interest rate decision means the Bank of Japan will maintain short-term interest rates at minus 0.1 percent.

China’s economy grew in 2022, but less than a year earlier. The country’s official statistics showed this on Tuesday. China’s gross domestic product rose 3 percent, the National Bureau of Statistics reported Tuesday. In 2021, growth was still 8.1 percent. In 2020, China’s economy grew by only 2.2 percent. Apart from that year, 2022 was the worst year since 1976.

Consumer prices in Germany rose slightly less in December than in the month before. This was revealed on Tuesday by final figures from the German statistics office Destatis. On an annual basis, prices rose 8.6 percent in December, following a 10.0 percent increase in November and 10.4 percent in October, the highest in 2022.

The 6M Euribor decreased with 4 basis points to 2.84% compared to previous business day. The 10Y Swap decreased with 7 basis points to 2.65% 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.