The Euribor closed the year at a record low of 0329% and … – Yahoo Finance Spain

The Euribor closed the year at a record low of 0329% and … – Yahoo Finance Spain

MADRID, 31 (EUROPA PRESS)

The Euribor, which are referenced index at most Spanish mortgages, closed 2014 at a record low of 0.329% and will lower mortgages to touch them review about 140 euros a year.

The index, which began months ago its downtrend, has come to the end of December with a daily rate of 0.325%. So he concluded the year at a record low of 0.329%, which is 0.214 points less than the Euribor December last year.

The analyst XTB Miguel Antonio Marcos has said that 2014 has been a “historic” for the Euribor since managed to set a minimum after another since the beginning of the year.

Year “Falling inflation and slowing European economy have ended causing an unprecedented in Europe: the application of unconventional monetary policy by the European Central Bank (ECB) “, explained to Europa Press

Mark has indicated that these measures have been reflected in bond markets. and the price of Euribor, which began the year in the vicinity of 0.55% and will finish below 0.33%, registering a fall of 40%. “A really positive for Spanish mortgaged year,” he added.

Thus, the expert estimated that the reduction has lived the index in the last month represent “a slight relief” to the mortgaged to have to review your mortgage for the month of January.

“In principle, we think that the situation does not change much, but we can not forget that the indicator trading above 5% in previous years crisis “, he stated.

GOOD PROSPECTS FOR 2015

For the next year, analyst XTB predicted that all invited to think that monetary policy pursued by the European Central Bank (ECB) will be continued.

“With the economic situation in Europe that fails to give definite signs of recovery and with inflation increasingly closer to zero, it appears that Euribor not be a problem for mortgaged “has advanced.

In this regard, he said that the most likely scenario presented is that the Euribor 12 months is established in the region of 0.30 % “as a cause and consequence of a new attempt by European bodies for circulating credit, reduce unemployment and grow the economy of the Old Continent at reasonable rates”

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