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| 3-month Euribor development. |
The 3-month Euribor development has increased to a yearly high. Sun climbed the interest rate on loans between banks that applied for a period of three months, to 1.162 percent. In early 2011, the much watched money market rate had stood at 1.001 percent. ECB President Trichet announced in its encrypted monetary policy rhetoric rate hike before Easter to 2011th
So be raising interest rates at the next meeting of the European Central Bank (ECB) on 7 April 2011 possible Jean Claude Trichet said at a press conference after the central bank's meeting on 3 March 2011. Inflationary pressures have increased significantly, mainly due to rising commodity prices. It was a "strong vigilance" is required.
the expression "strong vigilance" Trichet had already been used between 2005 and 2007 of imminent rate hikes. Since the 3-month Euribor is usually above the ECB's key interest rate is, with a further rise in Euribor development expected in 2011. This will also depend on the turns to what extent the ECB at an interest rate screw.
So go from analysts at a cautious rate cut by 0.25 percent to 1.25 percent. The key interest rate in the euro area has since 7 May 2009 at 1.00 percent. Previously, the central bank the key rate in several steps by a total of -3.25 percent had decreased. Because of the global financial and economic crisis, a rapid reduction was required.
The Euribor development for a period of three months from 0.642 percent to 1.162 per cent between 20 April 2010 and the 4th March 2011. Because of the economic recovery and higher interest rates should continue this upward trend 2011th
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