After closing 2017 with a new historical low, the Euribor will continue negative this year after more than 20 consecutive months with this trend. Moreover, according to a survey conducted by Bloomberg on the evolution of the Euribor, among investment banks, it is not foreseen that it will enter positive until, at least, 2019 (in which ...

Euribor will continue negative in 2018

After closing 2017 with a new historical low, the Euribor will continue negative this year after more than 20 consecutive months with this trend.

Moreover, according to a survey conducted by Bloomberg on the evolution of the Euribor, among investment banks, it is not foreseen that it enters positive until, at least, 2019 (in which they estimate that it will be at 0% in the fourth quarter).

This downward behavior is due to monetary policies carried out by central banks in order to revive the economy, but the question that arises now is how long will this context be maintained. In principle the forecast is that the Euribor will continue with negative values ​​during this year .

According to the ECB (European Central Bank), it will not be until 2020 when inflation approaches the 2%, the objective of all central banks, and expects that 1.7% will be reached by then.

The AHE (Spanish Mortgage Association) believes that " According to the behavior of inflation and of the economy in the Eurozone, it is to be expected that the monetary policy promoted by the ECB will reverse the downward trend in rates in the near future and with that start a smooth escalation ".

Regarding mortgages, banks in Spain have reduced the rates on mortgages at a fixed rate in order to sell more this type of loan and those who are paying a variable rate mortgage, have the peace of mind that no abrupt changes are expected in the short term.

However, the evolution of the Euribor also affected a to the profitability of bank deposits. Currently, performance remains stuck at historical lows.

RELATED NEWS

The Euribor closes 2017 with a new historical minimum

The consumption delegations of all the communities, are doing more and more inspection tasks to detect the breach in the matter of consumption in the sales and leases in which the real estate agencies intervene, with high fines. Remember that inspectors can pass themselves off as clients without first identifying themselves. All …...

Real estate course of the collection of real estate. This course will be taught by Mr. MIGUEL VILLAROYA MARTÍN, technical architect, agent of real estate property, writer and trainer of real estate issues and author of the Certificate of Professionalism of Qualification Commercial Property Management, among others. The content of the course will be theoretical and practical and will be oriented to...

The Madrid government recently announced a reduction of income tax and other taxes The Government will lower the IRPF of Madrid from 19% to 18.5% and in the case of low incomes the decrease will be more noticeable: the minimum rate will be at 9%, with what will be the lowest in the whole country. As well …...

"Responsive Design" is a concept that has recently become very fashionable when referring to web pages. But, why is it so important for a website to have a Responsive Design? The answer is very simple: a website must be able to adapt to the different screen resolutions of the ......