Market information
Thursday, December 08, 2011
Today, the European Central Bank (ECB) will have a monetary meeting in which it will decide on its key interest rates. The current refinancing rate of the ECB is 1.25%. Analysts expect the ECB will cut its refinancing rate by 0.25% to 1.00%. In addition, also the Bank of England (BoE) will take a decision on its monetary policy. It is expected that the BoE will maintain its official bank rate at 0.5%.
This evening the 27 leaders of the European Union will gather in Brussels for the two days EU summit. The general view is that this summit should deliver strong agreements on stricter rules concerning the government budgets of the EU member states. Aforementioned is an absolute prerequisite for the ECB to intervene in the financial markets, according to analyst.
The Dutch Central Bureau of Statistics (CBS) publishes this morning the Dutch inflation rate for November. Analysts expect that the Dutch inflation in November was 2.6% on an annually basis. This is the same rate as in October.
The 6M Euribor decreased by 1 basis point to 1.70%. The 10Y Swap decreased by 5 basis points to 2.67%.
In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: .(JavaScript must be enabled to view this email address).
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