The recent rise in U.S. inflation is unlikely to lead to high inflation, according to Federal Reserve Bank of Chicago President Charles Evans. Yesterday, Evans confirmed his support for the Fed’s monetary policy. Critics including former Treasury Secretary Larry Summers say Fed policy is a recipe for overheating the economy.
The financial system in the Netherlands is stable enough to absorb the consequences of the corona crisis, according to the Central Planning Bureau (CPB) in a report published Tuesday. Main contributors are the robust starting position of the financial system and the generous government support policy. However, due to the distribution of support packages, the Dutch government debt has risen sharply: from 48.3% of GDP at the end of 2019 to 59.3% at the end of 2020.
The price of iron ore fell on Monday after warnings from the Chinese government. On the stock exchange in Dalian, China, the price for the main iron ore futures contract closed nearly 6% lower, at EUR 135 per tonne. During the trading day, the decline was 8%.
The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.14% 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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