The price of crude Brent oil futures rose to its highest level in seven years. Brent oil was priced at 88.13 USD per barrel yesterday morning. Because fears of the Omicron variant seem to be fading away, the oil price has already risen 12% this year. Two weeks ago, Opec+ said it was planning to stick to its plans of increasing oil production.
The Bank of Japan raised its inflation forecasts, but said it is in no rush to change its loose monetary policy. Governor Haruhiko Kuroda acknowledged that price pressures were rising, but said the central bank has no intention of raising interest rates with inflation projected to stay below its 2% goal for years.
The new Dutch cabinet is under pressure to maintain the purchasing power of large groups of Dutch people. Older people have seen their purchasing power decline most in recent years. The government needs additional resources to prevent some groups from further deteriorating in the coming years.
The 6M Euribor increased with 1 basis point to -0.52% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.42% 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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