The index is close to the 0,0% with expectations that the ECB will activate more artillery to raise the rate of inflation in the euro area
The figure will erode earnings of banks adding uncertainty.
The Euribor, index which are referenced most mortgages in Spain, It has deepened its all-time low in daily rate and approaches to the 0%, even with the open possibility of that will go on negative ground.
In particular, the index has reached the 0,009% to the expectations created after the last meeting of the ECB, of the institution to activate more artillery to raise inflation in the euro area.
Self Bank Felipe López-Gálvez expert has warned of how the Euribor erode the income of banks, with that added more uncertainty to the profitability of the financial sector and listing on the stock exchange.
Index to references which are the majority of mortgages is routed to close February in the 0%, After placed in January for the first time below the price of money (0,05%). The ECB maintains the interest rates at that level since September of 2014, but the Euribor reached the 0,042% in January.
Read more:
http://www.elmundo.es/economia/2016/02/02/56b0f255ca47411f478b4620.html