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| ECB policy rates. |
Inflation is in January 2011 climbed to 2.4 percent compared to the same month last year. Currently, consumer prices in the euro area to rise as strong as before the financial crisis 2008th An increase in policy rates appear inevitable. Some economists expect the European Central Bank (ECB) may raise key interest rates by the summer of 2011 from 1.00 to 1.25 percent.
If the inflation rate in the coming months should not fall below two percent, then the ECB would oppose this decision, the President said the central bank of Luxembourg and ECB council member Yves Mersch. The European Central Bank expects that the increase in consumer prices over the medium term under the brand name of should stabilize around two percent.
the policy rates of the European Central Bank has undergone in recent years, a roller-coaster ride. Thus increased the central bank key interest rates by 2.25 percent to 4.25 percent between February 2006 and July 2008. A rapid reduction of key interest was in the course of the financial crisis to 1.00 percent by May 2009. Since then, the ECB has not touched the policy rates.
Euribor, interest during construction
indicate, however, increased interest rates in money markets, many operators have already begun to einzupreisen a rising interest rate development. Sun climbed the 3-month Euribor development of 0.995 percent to 1.094 per cent between 12 January 2011 and the 10th February 2011. Thus, the Euribor interest rate is for a period of three months, again above the prime lending rate of the ECB.
The interest during construction development, the upcoming increase in the ECB's key rate has also become clear. In August 2010, had secure property finance or construction interest of less than three per cent is for a term of ten years. Currently costs 10-year building loan of at least 3.65 percent for a net loan amount of more than 100,000 €.
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