Santa Clarita Living

Euribor three months below 3%

by admin on 15/01/09 at 3:36 am

The interbank rates continue to decline, reaching a value below 3%.
It is the least of the last two years and a half, but the rate decreases?
Tgfin also contains an interesting statement:
The same Lorenzo Bini Smaghi, a member of the Executive Board of the ECB, a few days ago said they believe the unjustified high spread rate of the European Central Bank.

“Banks can use the loans as collateral for refinancing with the ECB official rate. So do not justify the application of a higher spread for contracts coupled to the ECB rate. ” “In Europe – Bini Smaghi said – the credit is based on the banking system and banks are in good condition may return to financing the real economy. We must not however forget that the current crisis was caused by a phase of interest rates brought about very low levels for too long. ”
Why this waiting in the fall?
Now this is finished, but I think in 2009 we will see the improvements and will also be significant.
As for oil but the price drop down does not seem to me always equated to the speed of rise.
Perhaps my impression is only due to the fact that when you pull the strap each notch is always more painful, and to enlarge my case there.
We will see whether in practice in 2009 we have this significant decline.