The U.S. and European Union blocked Russia’s central bank from using its emergency reserves to protect the economy from the Western pressure campaign, the bank’s governor said this could trigger a financial crisis. The coordinated action blocks the central bank from selling dollars, euros and other foreign currencies in its reserves stockpile to stabilize the ruble.
Ukraine’s Ministry of Finance has sought help from investors with a ‘war bond’. The Ukrainian government has raised EUR 249m, among other things to pay the costs of the needs of the army and those of the state. In 2015, Ukraine still had to restructure its national debt to prevent bankruptcy.
The Dutch purchasing managers index of Nevi, an important indicator of the economy, ended at 60.6 in February, compared to 60.1 in January. A number above 50 indicates growth, below that, contraction. The large number of orders is pushing the index higher, with export orders reaching the largest increase in five months.
The 6M Euribor is unchanged at -0.49% compared to previous business day. The 10Y Swap decreased with 14 basis points to 0.65% 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.
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