The proximity of a possible rise in interest rates continues to fuel increases in the interbank market. On Friday, the daily change of one year euribor broke the barrier of 2% for the first time since March 3, 2009.
The first day of the week was continued to progress, and the Euribor jumped from 2.013% to 2.021%. On this day, with just two days pra ECB meeting, the daily change continued upward, reaching 2.025%.
The benchmark for calculating mortgages are well away from historic lows (1.21%) which recorded a year ago in March 2010. Now for the first time in the series, and presumably only until Thursday, the Euribor (2.021%) is double the official interest rates in the euro area (1%).
The market's attention is focused on one of the most anticipated meetings of the ECB in recent times. If projections are met, on Thursday interest rates recorded its first increase since October 2008, from 1% implemented following the financial crisis.
March ended with an average rate of 1.924%, its highest level in 25 months. Rising some 600 more expensive per year an average mortgage of € 150,000 a year contract.
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