Kates Plauground Interview

(source sole24ore.com)

The Euribor has started 2011 with the brake engaged. The index is now 3 months to 1% share, the same value as the parameter of the ECB rate at 1 month fell to 0.75%. A since it will please those who is repaying a loan at a variable rate because most of indexed mortgages offered by Italian banks are calculated from the Euribor (the share of loans indexed directly to the ECB rate is less than 5%).

Updating forecasts Euribor 3 months indicates that this parameter should take 1, 45% at the end of 2011, 2.14% at the end of 2012, to 2.72% at the end of 2013. The Euribor three months should move beyond its historical average (3%) only in December 2014 when there is "land" to 3.22 percent.

short, the estimated future update Euribor in a slow and gradual realignment of the values \u200b\u200bpre-crisis. The short-term rates - which is pegged to the Euribor - should fly again complicit in the low uncertain economy and do not differ much, hence the reference rate of the European Central Bank, established (and never adjusted) in May 2009 1 per cent.