The European Interest rate is likely to continue low in 2010
19 Nov
The interest rate in Europe is not likely to rise, October has been the month of the 5th negative strike of the inflation rate in the European Union. However, this time,it was just by -0.1%, due to a increase by 0,25 in the interbank market, The Euribor set this historical minimum at 1,222%.
According the analyst’s forecasts, the prizes in the Eurozone, could recover his positive values this month itself, and make the interest rates end to fall, according the analyst’s forecasts. They also predicted a monthly growth of 0,3% in October, but this became just 0.2%.
The Inflation rate in the Eurozone is keeping too far from the limit objective ( point where the interest rate should be increased) of 2% set by the European Central Bank (ECB). The analysts forecasts continue postponing the increase of interest rates in the Eurozone until the 2010.
Without perspectives of change on the short therm ratings, the interbank market, the interest rate of Europe, the Euribor was set still lower than before, 1.222%, under the previous record last Friday of 1.224%.
The monthly average of the Interest rate, was also set to in the zone of the historical minimums, the1.231%, lower than the 1,243 in October.
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