We have already reached the equator of the month of May and we can risk analyzing the trend of the Euribor as well as forecasting its monthly closing. As we mentioned a week ago, this month should be especially quiet since we will not have a meeting of the
The ECB (European Central Bank) is the watchdog of monetary orthodoxy in the area (…)” class=”glossaryLink “>BCE and seeing the values that we carry this way it is being.
Here is the Euribor price of all the days that we have in May:
- Monday 3: -0.486%
- Tuesday 4: -0.483%
- Wednesday 5: -0.483%
- Thursday 6: -0.483%
- Friday 7: -0.483%
- Monday 10: -0.482%
- Tuesday 11: -0.481%
- Wednesday 12: -0.48%
- Thursday 13: -0.482%
- Friday 14: -0.478%
This leaves us with a monthly average of -0.482%, slightly above that of April (-0.484%) although well below that of a year ago, when it fooled with positive values and closed at -0.081%.
The rise on Friday should not worry us too much, although it could take us to annual highs that are currently at -0.473%. Yesterday we heard a piece of news that should worry us a bit and that is that the CPI in Spain shot up to 2.2% in April and remember that the
The ECB (European Central Bank) is the watchdog of monetary orthodoxy in the area (…)“> ECB it is there to control prices and keep them below 2% so if they continue to get out of control you will have to take action.
Therefore, it is most likely that the Euribor for May closes with a monthly average between -0.475% and -0.48%, for practical purposes this means that a € 175,000 mortgage, which is reviewed annually, will experience a reduction in its monthly payment of about € 30 (€ 360 per year).