US EditionThe Conflict Between Israel and Iran Impacts on the Eurobor and Stagnates the June Data at 2.08%
8 Articles
8 Articles
The resounding evolution of the European economy and the expectation that the European Central Bank (ECB) will carry out another reduction in interest rates before the end of the year suggested that the eurobor would close in June with another decline, but this has not been the case. Exactly, the index has stood at 2.081%, which is the same as last month, although, in year-on-year terms, the third largest drop (-43%) since the indicator entered …
The European Central Bank’s eighth cut in interest rates in one year has not been enough to bring the mortgage indicator below that level this month, around which it was lurking for several sessions, especially in the first week of June. Finally, the escalation of the crisis in the Middle East between Israel and Iran ended up decanting the balance: the rise in the price of oil, both visceral and brief, coupled with the increase in geopolitical u…
The mortgage index is above the ECB’s official interest rates for the first time since November 2023, when the reference rate remained at the ceiling of 4% in this monetary cycle
The escalation of the conflict in the Middle East already leaves signs in the eurozone economy. Just a couple of weeks after Israel bombed Iran, and around one since the United States (US) joined the offensive, the benchmark of mortgages in Spain already suffers instability. The eurobor closes the month of June with an average of 2.08% —in the absence of the last data of the month— the same level as the one reached in May, which means a stagnati…
The Eurobond remained at 2.08% this June, with expectations of what the European Central Bank will do at its meeting at the end of July.
Despite closing without monthly variation, it has fallen strongly in year-on-year rate, since in the same month of 2024 it stood at 3.650% The Euribor falls to 2.08% in May, new minimum since 2022, and will reduce the mortgage by 1,650 euros per year
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