Market Information Thursday 14 September 2023

The ECB is facing a critical decision regarding its possible tenth consecutive interest rate increase. This afternoon, the ECB will decide upon its monetary policy. The revised projections for the Eurozone economy extending through 2025 will be most relevant for the ECB to decide whether it will increase official rates.

According to data from the US Department of Labour, consumer prices in the United States increased more in August than in July. Consumer prices rose 3.7% last month from the same period last year, compared with a 3.2% increase in July. As for core inflation, which excludes food and energy prices, inflation was 4.3% year-on-year in August, compared with 4.7% in the previous month.

Based on data from Eurostat, industrial production in the eurozone fell in July. In July, output fell by 1.1% compared to June, in which it had still increased by 0.4%. Economists had expected output to contract by 0.8% in July.

The 6M Euribor is unchanged at 3.97% compared to previous business day. The 10Y Swap decreased with 1 basis point to 3.19% 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.