Market information
Tuesday, June 29, 2010
The credit facility of one year loans offered by the European Central Bank (ECB) to provide liquidity to banks has matured this week. The measure, charging 1.0% interest, was necessary to keep banks liquid and stimulate lending. The Financial Times reports that banks using the facility have troubles finding new liquidity in the money markets. Interbank lending is at a standstill and has not yet improved since the collapse of Lehman Brothers in 2008.The M3 money supply in the euro zone has decreased 0.2% in May compared to a year earlier. Published by the European Central Bank this contradicts expectations of analysts. They expected a rise of M3 of 0.4%. Despite this drop in money supply there is a rise in the amount lent to the private sector. Consumers and businesses borrowed 0.2% more in May compared to a year earlier.
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).
Page 1 of 1 pages
Economic view
Publications
New terms for a marriage of convenience
Impact of Basel III on corporate banking relationship
risk management, financing, treasury, cash management, working capital, investments, Basel III
Shift towards an American funding model
corporates, corporate lending, Greek default
Client Cases
Netherlands State Treasury Agency
Going the extra mile for the national treasurer
public sector, treasury management, financing, treasury, publieke sector
