 |
| interest rates 12-month Euribor. |
The Euribor development for the interest rate for a period of twelve months rose to 1.578 percent. The key money market rate is in 2011 on a climbing trip. This gave the 12-month Euribor at 1.504 percent development located on 3 January 2011. Comments of the European Central Bank (ECB) heated up the money market rates continued.
ECB President Jean Claude Trichet announced indirectly to a rate hike. If price stability is threatened, could the ECB in the important key interest rate for the euro area was forecast earlier to deeds than before. Annual inflation in the euro area rose to +2.2 percent in December 2010.
This is the rate of inflation in consumer prices above the ECB's target of two percent. Trichet made in particular the rising energy prices to rising inflation risks in charge. Medium term, the ECB expects, however, continue with a price increase of less than two percent.
The key rate of the European Central Bank (ECB) is at 1.00 percent since May 2009. The prospect of rising interest rates has encouraged the development Euribor development in recent days. So begin to raise interest rates more market participants einzupreisen by the ECB.
the 12-month Euribor interest are those that are calculated between banks for unsecured credit. The Euribor for a period of twelve months had the most time at 1.22 percent found in the first half of 2010. had
After the economic recovery strengthened in the euro zone could attract the Euribor development significantly. Overall, a continuation of rising money market rates for 2011 expected.
0 comments:
Post a Comment