What background stays already that historical maximum of the Euribor of almost 5,4 % of July, 2008! and low what has gone so far as to fall down since then! Nobody could imagine that concerning 7 months it could go so far as to fall down any more than 3 percentage points, up to placing itself in 2,13 % current.
For one year, in February, 2008, the Euribor has fallen down 2,2 %, and the average mortgage has turned out to be lowed the price over 150 euros, which is not badly at all for our injured pockets that with difficulty manage to spend this galloping crisis that it has hurried up to more of one.
The forecast is that the February Euribor closes about 2,1 %, the lowest level from June, 2005, and it even will come to fall down below the strip of wood of 2 % in the next months.
Precisely, next March 5 the BCE will meet again and it signs up to that there can be a new interest rates clipping, probably, of half percentage point what would support the forecasts of new descents of the Euribor.
Remember that two magnitudes form the Euribor, basically, the official price of the money, and the risk valuation. A descent of the official price of the money, as it is foreseen on March 5 it will push the casualty, while the increase of the valuation of risk, determined by the low interbank confidence, also would contribute that it was going down. On the other hand, the continuous injections of liquidity of the central banks are provoking this historical fall.
Precisely, yesterday, the BCE injected again more than 237.000 million euros into the monetary system by means of an auction with expiration to 7 days, and other one has already promised to be of 19.000 millions.
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