Euribor faces record lows of 2004
| Date: February 26, 2009 | Source: Economic @ 21 |
| Category: Economy | |
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Loading ... The claps Euribor minimum monthly closings of its history since its creation when compared to the intraday closing a year, and the minimum monthly closing of one year Euribor (main reference interest practiced in granting mortgages Spain) occurred in March 2004 when it closed at a rate of 2.055%.
So far, February Euribor close with around 2.1%, which would be devoted met as the second record low, ahead of the average of June 2005 where he played the 2.103%.
This mean that virtually every family that has their mortgage indexed to Euribor, never before have had to pay less than in this review. To remain at these levels or below, could help a lot to the Spanish to take the pressure off your debts and revive consumption and therefore the economy.
In any case, to overcome the crisis, not only will require a reduction in financial burden but also a strong support and recovery in employment, because without this (main engine of the economy), any charge however small will be insurmountable.
To this end, governments and banks have an important role to address the year 2009, to restore confidence to the market and achieve a shift of trends in this crisis.
February 27, 2009 at 19:13
[...] So close February with a monthly average of close to 2.135%, marking the summer minimum of [...]