Interest rates in the EU will not rise until 2011 with a close to 1.20% Euribor
| Date: February 27, 2010 | Source: Europa Press |
| Category: Economy | |
Go ahead and rate this post 
Loading ... The Euribor, the benchmark granted most mortgages in Spain, closed the month of February at 1.225%, representing a decrease compared to January seven thousandths (1.232%), but 0.91 points on to February 2008 (2.135%).
Susana Felpeto, Atlas Capital, told Europa Press that the fall in Euribor will be extended in time because the rise in interest rates will also be a bit longer than originally planned on, but predicted that the fall of the indicator it will become smaller.
In his view, interest rates will not rise until early 2011, so the Euribor could go down to the end of 2010. In this sense, explains that if it is confirmed that the ECB raises rates in the first months of next year, the indicator will anticipate the rise and could rebound slightly in recent months of this year.
In the short term, the expert noted that the indicator will continue as before and could touch down at 1.20%, height from which it could begin to pick up gradually. In fact, the market may have already begun to deduct that interest rates remain low longer than expected and therefore recorded a sharp decline today newspaper.
Meanwhile, Ignacio Victoriano, Renta 4, agreed to note that the Euribor is near its minimum level and therefore also predicted that the fall will become weaker. In his view, the ECB did not move interest rates in at least the next twelve months, allowing the indicator to enjoy some stability until then.
Indeed, the Federal Reserve chairman, Ben Bernanke, said yesterday that with current economic conditions are likely to ensure that interest rates will remain at levels "exceptionally low" for a "prolonged period of time."
