The Bank of Spain confirmed the rise in the Euribor to 3539%
Already knew, but today confirms it ...
The Euribor index, which is used as a primary reference for setting the interest rate on mortgage loans granted by Spanish banks, rose in July to 3539%.
Drawing on the last twelve months, the index recorded a rise of 1371 points from 2168% that was in July 2005.
The Euribor is calculated by the European Banking Federation with the data of the main entities in the euro area and consists of the average interest rate for cash transactions in euros to deposit within a year.
Data for the month of June also show a rise until 3533% of MIBOR, the interbank rate a year that served as official reference of the mortgage market for transactions made prior to January 1, 2000.
These benchmarks for the mortgage market are valid from the date of its publication in the Official Gazette, which usually occurs a few days after their release by the Bank of Spain.
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Loading ... Written by Carlos Lopez on August 17, 2006 with 0 comments.
