• The Slovak central bank has not changed interest rates, according to expectations. The main interest rate remains at 4.25% and voting regarding its change did not even take place.
• Unemployment rate in Germany declined to 8.7% in October, being the lowest since May 1993. The number of unemployed has gone down more than expected.
• According to ECB representative Liikanen, turbulences on the financial market may affect investments through higher interest rates. It is not clear how long the turbulences may last.
• The consumers´ confidence index (Conference Board) in the USA declined to 95.6 points, while 99 points were expected. The index is at its lowest in two years.
• Hungarian trade balance deficit for August was revised to
EUR 199.4m instead of the preliminary
EUR 211.1m.
• The Swedish central bank raised interest rates by 25 points to 4%, the highest in the last five years.