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欧州中央銀行の金利が0'75%に下がって、欧州のEURIBOR(銀行間金利?)の12カ月の金利は1'118%に、2012年6月は1'219%、2010年3月は1'215%、
El euríbor se desploma y marca un mínimo tras la rebaja de tipos del BCE
El abaratamiento del precio del dinero se deja notar en la cotización diaria del indicador
Los depósitos de los bancos en el instituto emisor también se reducen, pero mucho menos
The Euribor plummets and a minimum mark after ECB rate cut
The cheaper price of money is felt in the daily quotation of the indicator
The bank deposits with the Central Bank also reduced, but much less
Alvaro Romero Madrid 6 JUL 2012 - 11:25 CET
The cheaper price of money is felt in the daily quotation of the indicator
The bank deposits with the Central Bank also reduced, but much less
Alvaro Romero Madrid 6 JUL 2012 - 11:25 CET
The 12-month Euribor, which is the interest at which banks lend money to euro itself has fallen sharply this Friday in its daily quotation to mark a new low in the 1.118%. This indicator, which is used to fix the price of the vast majority of mortgages in Spain, has five consecutive days set records with the expectation that the European Central Bank would cut the price of money. However, once confirmed the snip of the rates of 1% to 0.75%, which in turn is equivalent to a level not seen since the responsibility of the Central Bank, the decline has picked up speed. In fact, never in the past three and a half years Euribor had fallen so much in a single day as the 84 points that fell on Friday.
Next to the rate cut to 12 months, the interest at which banks lend money eurozone has fallen together at all maturities, ranging from one week to 11 months. However, we should expect it to move in July to estimate what impact the decline in mortgage fees. The indicator used for this is the monthly average of the Euribor, that within the current trend in the coming days, will also set minimum.
Furthermore, the eventual lowering not reach all families. First, because it only benefits contracted mortgages and floating rate indexed to Euribor and (in any event account for 80% of total) and have provided no ground clause. But in the new mortgage, not only is there great difficulty achieve (unless the vendor floor is the bank itself) but also the differentials that are required are much higher than before.
In this sense, the fall in Euribor minimum coincided with the definition by the Bank of Spain of a new type of reference to set the interest rate at which entities may reference their claims, the Interest Rate Swap (IRS), a within five years. This step completes the process for institutions to choose two new benchmarks to the granting of mortgages. The other is the average rate of mortgage loans from European banks. According to sources in the Spanish Mortgage Association (AHE), using the IRS prevents oscillations of the Euribor, although it includes a higher premium for entities to hedge risks.
The Euribor ended June at 1.219%, the second lowest monthly average since the previous record low (1.215% on March 2010). Thus, an average mortgage of € 150,000 (one year contract) and with a repayment term of 25 years for a review in June will become cheaper to approximately 66 788 euros per month per year. However, new mortgages and those whose terms are being renegotiated with the banks become more expensive in the past.
Before the crisis, the Euribor was above 5% and interest rates at 4.25%. From there began a downward path, with new spikes in the time when the economy seemed to recover and the ECB wanted to re-tie short inflationary risks, but relapse in the 2009 recession and the threat of more deterioration in this 2012 have returned to leave interest rates at lows. The eight-month Euribor falling.
Moreover, Friday was also the first day on which banks have seen their deposits at the ECB are no longer paid. However, this reduction of wages, which until yesterday was 0.25%, has not been particularly felt in the money parked daily by banks in central bank coffers. According to ECB statistics, only 326 million are down compared to Thursday, to 790,656.
Next to the rate cut to 12 months, the interest at which banks lend money eurozone has fallen together at all maturities, ranging from one week to 11 months. However, we should expect it to move in July to estimate what impact the decline in mortgage fees. The indicator used for this is the monthly average of the Euribor, that within the current trend in the coming days, will also set minimum.
Furthermore, the eventual lowering not reach all families. First, because it only benefits contracted mortgages and floating rate indexed to Euribor and (in any event account for 80% of total) and have provided no ground clause. But in the new mortgage, not only is there great difficulty achieve (unless the vendor floor is the bank itself) but also the differentials that are required are much higher than before.
In this sense, the fall in Euribor minimum coincided with the definition by the Bank of Spain of a new type of reference to set the interest rate at which entities may reference their claims, the Interest Rate Swap (IRS), a within five years. This step completes the process for institutions to choose two new benchmarks to the granting of mortgages. The other is the average rate of mortgage loans from European banks. According to sources in the Spanish Mortgage Association (AHE), using the IRS prevents oscillations of the Euribor, although it includes a higher premium for entities to hedge risks.
The Euribor ended June at 1.219%, the second lowest monthly average since the previous record low (1.215% on March 2010). Thus, an average mortgage of € 150,000 (one year contract) and with a repayment term of 25 years for a review in June will become cheaper to approximately 66 788 euros per month per year. However, new mortgages and those whose terms are being renegotiated with the banks become more expensive in the past.
Before the crisis, the Euribor was above 5% and interest rates at 4.25%. From there began a downward path, with new spikes in the time when the economy seemed to recover and the ECB wanted to re-tie short inflationary risks, but relapse in the 2009 recession and the threat of more deterioration in this 2012 have returned to leave interest rates at lows. The eight-month Euribor falling.
Moreover, Friday was also the first day on which banks have seen their deposits at the ECB are no longer paid. However, this reduction of wages, which until yesterday was 0.25%, has not been particularly felt in the money parked daily by banks in central bank coffers. According to ECB statistics, only 326 million are down compared to Thursday, to 790,656.
欧州中央銀行の金利が0'75%に下がって、欧州のEURIBOR(銀行間金利?)の12カ月の金利は1'118%に、2012年6月は1'219%、2010年3月は1'215%、
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