The Bank of Spain confirms that the Euribor dismissed 2017 at the minimum of -0.19%

Published on January 5th 2018

The Bank of Spain has confirmed that the Euribor continued to accumulate historical lows and closed December at -0.19%, compared to -0.189% registered the previous month.

The index began the last month of the year at -0.188% and deepened its decline until the 19th day of the month, when it registered -0.194% and thereafter reversed its trend. Finally, it ended with an average of -0.19% in December, which will make it cheaper to mortgages that touch review at about 70 euros per year.

With these values, mortgages of 120,000 euros to 20 years with a differential of Euribor + 1% to those who review them will have a reduction of about 70.08 euros in their annual fee or, which is the same, of 5, 84 euros per month.

Effect of the ECB

This new fall of the Euribor, explains according to XTB analyst Rodrigo García, because the European Central Bank (ECB) has not reduced its minority stimuli to the economy, but rather increases them at a slower pace.

For the expert, that the asset purchase program will go from the current 60,000 million euros to 30,000 million as of January 2018 "does not mean a reduction of stimuli", but "quite the opposite", since the money supply.

"Taking as a precedent the actions of the ECB, always marked by prudence, it seems a bit crazy to see a scenario of zero stimulus in the coming months, therefore, our expectation for the Euribor is still bearish," explains Garcia, who does not expect " too many changes "in the index situation for 2018.

In this way, he points out that the biggest beneficiaries of the current context will continue to be the borrowers, both potential and current ones that have the right to review, as they will be financed "increasingly cheaper".



  • 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.