Blog

Euribor at lowest level for eight months

Against the trend of bad news in the financial markets, the Euribor fell again to 4.381% (22.01.08). This is well below the rate at the end of 2007 where the rate had spiked to 4.79%.

The Euribor hasn't been under 4.4% since May of 2007 when it was 4.392%. Many analysts feel that the Euribor is affected by the current credit crisis and this may well lead to the European Central Bank (ECB) reducing interest rates from its current 4% mark. Rate cuts from the Federal Reserve in the USA and cash injections by the ECB have gone someway to alleviate the current situation.

28.01.2008

Back
We use cookies to ensure you get the best experience on our website Accept cookies More Info