We are already in Holy Week, well, I really don’t know if we are or not since each autonomous community goes to its ball and they put it as they want but here we will continue to be faithful to our tradition of celebrating it two weeks in a row just in case.
And what do we always talk about here at Easter? The most veteran mortgagees will remember it. Torrijas And if last year we complained because they were €2.5 this year we didn’t even bother going to the pastry shop to get them, so this time we are going to innovate and if two years ago we gave you the recipe for the classic French toast, the milk one and last year, seeing how the panorama was getting, we gave you the recipe for the wine French toast, well this year… ugh, how is this year, our recommendation is that make cognac, brandy, rum French toast or whatever you have at home that burns. Rich, easy and for the whole family.
And now that we have given you the financial advice of the day, let’s see how the Euribor has started the month.
Thank you fellow, I like French toast but I like more that you give today’s Euribor.
Last week I told you that this was going to be the week of tranquility and in the end it turned out that it was not like that, but this time I am convinced that this time it will be. for now the most used indicator in mortgages in Spain rises 29 thousandths in its daily rate up to 3.651% and it seems to be consolidating above the ECB interest rates that are at 3.5%.
respect to the April average, with only one trading day, is very easy to calculate and remains momentarily at 3.651%significantly above its value six months ago (October closed at +2.629) and much higher than that of a year ago (+0.013% in April 2022)
The Euribor began its current upward trend on February 4, 2022, after the European Central Bank (ECB) admitted that it could raise official interest rates due to the increase in inflation in the euro zone and the trend was reinforced with the start of Russia’s invasion of Ukraine on February 24, 2022. Since then we have accumulated full increases in monthly figures.
In its last monetary policy meeting, the ECB again raised its official interest rates by 50 basis points, the same as on February 2 and December 15, when the rate of increases began to slow down compared to the previous two. of 75 basis points, on October 27 and September 8, respectively.
