After last weeks repo rate cut to 7.25% , 3MJIBAR has settled at 7.33%. The 2Y swap rate stands at 6.99% while the 3Y is at 7.07%.
This week, the only major financial announcements are expected from the Eurozone. Tomorrow, the Core CPI (YoY) is scheduled for release, with the market expecting a decline of 0.2% to 2.5%. Two days later, on Thursday, the market expects the ECB to cut the Deposit Facility Rate by 25 bps, bringing it down to 2.00% from 2.25%.