ECU-EMS information and central bank interest rates . 9 1996 Monthly

Eurostat

Description

Theme 2 ISSN 1024-4239 • *• Economy and finance • • •Series Β • + *•* Short-term statistics ECU-EMS information and central bank interest rates eurostat Monthly 9 D 1996 Because of the larger depreciation of the FMK, LFR, DM, Bilateral fluctuations of the ERM currencies BFR and HFL against the ECU relative to the rate of Graph 1 on page 4 shows the trends in the bilateral growth of the CPI in the respective national currencies fluctuation of ERM currencies between 1 July 1996 and from July 1995 to July 1996, the indices of Finland, 30 August 1996 calculated on a daily basis. Luxembourg, Germany, Belgium and Holland decreased by 1.6%, 1.2%, 0.7%, 0.6%, and 0.4% respectively. This graph shows that almost throughout the whole period 1 July - 5 August 1996, the DKR was at a weak position Primary market in ECU bonds: July and August against the other ERM currencies. Since 6 August, the FF buoyant has been the weakest ERM currency. The graph also illustrates that during the periods 1-24 July and 16 - 30 The period under review runs from 1 July to 31 August August 1996, the PTA has been the strongest in the ERM. 1996. The following figures are based on the dates of In between these periods, the HFL was the strongest ERM issue of the bonds. There were 16 bond issues, amounting currency. to a total nominal value of ECU 3 686 million.

Sujets

• Economie gestion

Informations

• Publié par: EUROSTAT
• Nombre de lectures: 5
• Langue: English
• Poids de l'ouvrage: 1 Mo

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