Market Information Wednesday 4 September 2024

South Korea’s inflation slowed to a 3.5-year low in August, with consumer prices rising by 2% year-on-year, which aligns with the central bank’s inflation target and supports expectations for a rate cut as early as October. While inflation appears to be stabilizing, rising household debt adds uncertainty to the timing of potential policy easing.

Malaysia’s central bank is expected to keep its key interest rate at 3.0% through at least 2025 due to strong economic growth and controlled inflation, according to a Reuters poll. The stable ringgit and potential inflationary risks from reducing fuel subsidies suggest the bank is in no hurry to lower rates soon.

The World Bank raised India’s growth forecast to 7% for the current fiscal year, driven by increased government infrastructure spending. While India’s economy is expected to remain strong in the medium term, challenges like high urban unemployment persist.

The 6M Euribor decreased with 1 basis point to 3.35% compared to previous business day. The 10Y Swap decreased with 6 basis points to 2.51% 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.