Draghi anchors the Euribor to lows now and until the end of the year

Published on March 20th 2018

Since the beginning of March, the Euribor, the index to which most mortgages are referenced, remains anchored at -0.191%

Since the beginning of March, the Euribor, the index to which most mortgages are referenced, remains anchored at -0.191%, a rate that has been repeated every March day, and leaves the monthly rate at -0.191 %, the same interest as in the previous month.

Last Thursday's meeting of the European Central Bank (ECB) did not expect changes in monetary policy and the speech of its president, Mario Draghi, was as restrained as we are used to, but you can draw conclusions. Although Draghi has prepared the market for a gradual withdrawal of stimuli it will not be short-term. The Euribor did not move and remained anchored at -0.191%, which for Antonio Sales, XTB analyst, is a sign that in the interbank market "takes for granted that there are not going to produce relevant short-term changes in the policy monetary policy by the ECB ".

Sales notes that Draghi maintained the possibility of extending the QE, although not increase in volume, which may be a clear indication that could be extended until the end of the year (ended this September) especially after knowing that inflation would not reach 1 , 7% until 2020, close to the 2% objective of the ECB.

Victoria Torre, an analyst at SelfBank, indicates that "The index is one year ahead of the decisions or movements that the European Central Bank can make regarding monetary policy and, more specifically, the management of interest rates. It expects the first movements of interest rates to be seen during the spring of 2019, but everything depending on the evolution of the economy, and more specifically, on inflation. "


Source: Finanzas.com

  • Barcelona

    93 293 19 07

    Paseo de Gracia 85, 2ª planta

  • Madrid

    91 800 54 66

    Serrano 43-45, 4ª planta

  • Valencia

    96 128 59 68

    Calle Mossen Femades 3, bajo dcha. Ed. Lauria

  • Palma

    97 100 32 03

    Calle Unió 9

We use our own and third-party cookies to make our website work safely and personalize its content. Likewise, we use cookies to measure and obtain data on your navigation and to adjust advertising to your tastes and preferences. Press the "Accept all" button to confirm that you have read and accepted the information presented. To manage or disable these cookies, click on "Configuration". For more information see our cookies policy.
Modify cookies
Technical and functional Always active
This website uses its own Cookies to collect information in order to improve our services. If you continue browsing, you accept their installation. The user has the possibility of configuring his browser, being able, if he so wishes, to prevent them from being installed on his hard drive, although he must bear in mind that such action may cause difficulties in navigating the website.
Analytics and personalization
They allow the monitoring and analysis of the behavior of the users of this website. The information collected through this type of cookies is used to measure the activity of the web for the elaboration of user navigation profiles in order to introduce improvements based on the analysis of the usage data made by the users of the service. They allow us to save the user's preference information to improve the quality of our services and to offer a better experience through recommended products.
Marketing and advertising
These cookies are used to store information about the preferences and personal choices of the user through the continuous observation of their browsing habits. Thanks to them, we can know the browsing habits on the website and display advertising related to the user's browsing profile.