Wednesday, February 24, 2016

Three months Euribor falls to new low of -0.2% – Jornal de Negócios – Portugal

The Euribor three months in negative values ​​since April 21 last year, fell to a new historic low of 0.2% this Tuesday, February 23. This is the 15th consecutive session in which this rate does not rise.

Within nine months, the Euribor remained unchanged from Monday at -0.071%.

After being set at negative values ​​between 27 November and 3 December, the Euribor to nine months he returned to below zero on 7 January, where it has remained ever since.

In the opposite direction of the last sessions, the Euribor six months, the most used in Portugal in the credits housing and entered negative territory for the first time on 6 November, rose today to -0.125%, plus 0.1 basis points higher than on Monday. In this week’s start rate was set at -0.126%, current minimum of time.

Within 12 months, the Euribor rate also rose to -0.016%, 0.2 basis points than Eve.

The decline in interbank rates reflects the expectation that the ECB president, Mario Draghi (pictured) announce more stimulus measures next week, including the decline in the rate on deposits, which is already negative .

the Euribor is set by averaging the rates at which a group of 57 eurozone banks are willing to lend money to each other in the interbank market.


No comments:

Post a Comment