Congratulations Messages Baby

The Euribor has stopped. You finished the race? The forecast rate for the loans until 2014

The Euribor has stopped. In a hectic week for the European financial markets (which have not had to deal with quarterly banking combined with exciting renewed concerns about sovereign debt in the Eurozone, Ireland in the first ) from the interbank front came a full stop. The Euribor rates - which represent the cost at which banks lend funds to each other and affecting closely the Italians who have signed (or are considering doing so) a variable rate mortgage because their payments are indexed to these parameters - were flattened. After seven consecutive months of increases.

In detail, the index was set at 3 months now the rate of 1 to 11, 049 %, down compared to 1, 05% on Thursday, which was then the same value as early in the week. This is the first week of August, when this indicator is not growing. Indeed, even crumbs, has lost something. Plate of the index at 1 month, still three days to 0.852 percent.

Why? According to the braking operators of this parameter reflects the ample liquidity in circulation. In essence the banks at this time are tearing their hair to ask / pay capital. Moreover, that the interbank market is a period of calm, the data also show the placement Yesterday, Thursday, November 11, for funds from the European Central Bank 1%, which showed yet another drop in demand from the banks of the euro zone. In detail, the central bank has assigned to € 12.552 billion compared to slightly less than 36 falling (as it returned to maturity), fully satisfying the requests received from 23 banks. Quiet flat, therefore, does not push some upward the Euribor.

therefore Euribor over the mini-stroke? If you look at the forecasts on Euribor 3 months (through futures contracts traded on the LIFFE market in London) so it shows a slowdown in growth (Hold) of this index at the end of the next three years (when the aspettivave concern towards a normalization of economic and, consequently, to a normalization Euribor around its historical average which is equal to 3%). A month ago 3 months Euribor futures in late 2011 brought this parameter to 1, 38 per cent. The contracts of today, however, the ALL1 priced, 3 percent (8 basis points less). Different scenario, however, by the end of 2012. A month ago against future projected the index 1, while 63% of the projected 1 trade today, 73 percent (10 basis points more).

SOURCE Vito Lops www, ilsole24ore.it