My boss went to live in Andorra and is a neighbor of the Rubius, he has become a good friend of him and they meet every night. Rubius teaches him to play Fornite and my boss teaches him to play music. He says he is very packaged with the letters.
Taking advantage of the fact that I have also become youtuber and I want to learn from the best, I asked my boss if I could ask him for an interview for the Euribor Blog that surely interests our readers and after being a bit lazy he said yes.
Scholar: Nice to have you here, we know that you give very few interviews and it is a privilege that you answer the questions on the Euribor Blog.
The Rubius: The blog of what?
Scholar: From Euribor
The Rubius: And what is that?
Scholar: The thing about mortgages
The Rubius: What is a mortgage?
Scholar: With what you pay for the house
The Rubius: But don’t sponsors pay for it?
Scholar: What is a sponsor?
The Rubius: The ones that give you money. Look hey, I think this is going nowhere. Adeu.
And he has left me with the phone to my ear. I hope he has not been angry and has at least learned what a mortgage is and is as interested as you are in the daily value of the Euribor. What will he have done today?
The most used indicator in mortgages takes a break from the last increases and repeats value in the -0.503% and in this way leaves the monthly average of February at -0.507% compared to -0.288% a year ago.
The Euribor entered negative territory for the first time in its history almost five years ago, in February 2016, and since then it has not raised its head, sinking since this summer when it has accumulated five consecutive historical lows, in August (-0.35%) , September (-0.41%), October (-0.46%), November (-0.48%), December (-0.49%) and now January (-0.505%).
We have been saying for a long time that the Euribor cannot fall below -0.5% since that is the interest that the ECB charges banks for deposits and it would be absurd for them to lend it to each other at a lower interest, but who are we to tell you to Euribor what you have to do.
For several years many banks have had to pay interest to their clients (and they do not), specifically to those in which the sum of the difference plus the Euribor is negative and this month would correspond to all those who have a differential equal to or less than -0.5% (since it will close the month predictably at -0.5%) the OCU has started a campaign to claim that payment.
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