Interest rate marginally down

08/11/2013 15:00

The Dutch long-term interest rate based on the return of the most recent ten-year public loan averaged 2.2 percent in October 2013, i.e. 0.1 percentage points down from September.

In November 2013, the European Central Bank (ECB) will change various interest rates. The most important ECB rate, the repo rate, will be lowered by 0.25 percentage points to 0.25 percent, effective from 13 November 2013.The deposit rate, often considered as the bottom rate of the financial market, remained unchanged at 0.00 percent

One of the main guidelines for the ECB’s decision to change or refrain from changing the interest rate is the level of inflation in the eurozone. According to the ECB, eurozone prices are stable, if the inflation rate is close to 2 percent. Eurostat, the statistical office of the European Union, recorded an inflation rate of 0.7 percent in October, the lowest inflation rate in the eurozone for four years.

Capital market interest rate (latest ten-year public loan)

Capital market interest rate (latest ten-year public loan)

For more information on economic indicators, the reader is referred to the Economic Monitor.