The euribor becomes doubtful for a few days
24.02.2009
The evolution of the euribor, principal index to which there are indexed most of mortgage loans of the country, looks alike, every day more, to a suspense movie. After getting accustomed to his descents, up to 91 consecutive ones, in the last three meetings it has not managed to support his tendency. Today it has continued with his decrease, up to 2,062 %, approaching a little more to the long-awaited one 2 %.
The small fright that met on Thursday on a light upturn, the new fall that took place on Friday and the technical tie that happened yesterday they have passed to a new descent in the daily change of the euribor to twelve months. The indicator of reference to the calculation of the mortgages went down today up to 2,062 %, from 2,074 %.
The euribor, this way, gives one more step towards the reference of 2 %, the level in which the interest rates are fixed, at least until the next March 5, when the European central Bank updates his monetary policy. In principle, the financial analysts wait for a clipping of the types of half percentage point, up to 1,5 %, what would leave margin for new descents on the interbank markets.
The shutdown in the descents in the last meetings will not avoid a significant descent of the euribor in February. For lack of three days for his closing, the medium month's characteristic is located in 2,152 %, from 2,157 % of yesterday. In the same month of last year the average duplicated this percentage, on having reached 4,349 %.
Except unexpected modifications in the next three meetings, the index euribor to twelve months will finish the medium month's characteristic about 2,1 %. This amount will suppose a reduction of approximately 170 euros of average a month or of more than 2.000 euros a year for the persons who check his mortgage loans with the February reference.
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