Yesterday in Brussels, the 28 EU leaders decided to nominate German Defence Minister Ursula von der Leyen as the new President of the European Commission. Belgian Prime Minister Charles Michel will succeed EU President Donald Tusk. In addition, the EU leaders nominate IMF chief Christine Lagarde to be the new president of the European Central Bank.
According to the European statistical office Eurostat, producer prices in the eurozone decreased by 0.1% in May compared to April. In April producer prices decreased with 0.3%. Economists expected an increase of 0.1%. On an annual basis, producer prices increased by 1.6% in May.
The Reserve Bank of Australia lowered Australia’s official interest rate to an all-time low. The central bank lowered the interest rate to 1.0%. This is the second rate decrease in just two months. The last time Australia decreased interest rates for two consecutive months was in 2012.
The 6M Euribor is unchanged at -0.31% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.15% 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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