The most commonly used index for calculating variable mortgages has fallen by three-tenths and the overnight interest rate stands at 3.509%, although the monthly interest rate remains above 3.8%.
Euskaraz irakurri: Euriborra hiru hamarren jaitsi da, SVBren hondamendiak eragin dezakenen finantza krisiaren beldur
The 12-month Euribor, the index to which most variable mortgages in the Spanish state refer, fell to 3.509% at your rate dailyalthough the monthly rate is still above 3.8%.
Between March 1 and March 9, the daily evolution of the Euribor had continued its upward trend and reached a maximum of 3.978% since November 2008. But on Friday, March 10 the indicator began to fallcoinciding with the first alarms regarding Silicon Valley Bank (SVB).
This debacle has prompted investors to get started anticipate changes in the direction of rate hikes by central banks, mainly the Fed and the European Central Bank (ECB). As for the United States, for example, Goldman Sachs yesterday predicted that the Fed will not raise interest rates at next week’s Federal Reserve meeting, although it is awaiting February CPI data to be released today. the American country.
In this way, the situation has been transferred to the Euribor, an indicator that shows the expectations of the next steps that the ECB can take in its monetary policy in terms of interest rate hikes, a decision that will be announced this Thursday.
Meanwhile, the index stood at 3.509% this Tuesday, compared to 3.858% yesterday and 3.908% last week. However, the monthly average remains at 3.8401%, above the 3.534% recorded in February.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
