The Euribor closes April positive for the first time since 2016

In the absence of knowing the last figure for this month, and for the Bank of Spain to certify it, the provisional average rate of the Euribor reaches 0.005%, according to data from Bloomberg.

This is a much higher figure than the -0.237% registered in March;

at -0.335% in February;

and -0.477% in January.

Far away are the lows that the indicator achieved in early 2021, when it stood at -0.505%.

, but since the beginning of the year it has been clearly on the rise, according to EFE.

The market has been very attentive to the monetary policies of the central banks, which have begun to tighten in the face of excessive inflation, which has increased even more due to the invasion of Ukraine.

In this context, on April 12, the Euribor entered a positive daily rate (0.005%) for the first time since February 4, 2016.

Despite the climb recorded by the indicator, the director of Mortgages at iAhorro,

, does not foresee that the Euribor will continue to advance at the same speed in the coming months.

He argues that "something similar to what happened after the outbreak of the coronavirus is happening", and that once the most abrupt changes in the Euribor have been seen, "we could be reaching a certain stability".

In this sense, remember that in May 2020, two months after the Covid-19 pandemic forced strict confinement, the Euribor marked the highest data of the entire year that, although they did not become positive, they did come close. much to zero, with an average of -0.081%.

However, in June "everything returned to relative normality" and, as a consequence, the Euribor began a new and drastic decline until ending that year at -0.496%.

Thus, he states that "since the war began in Ukraine, more than 60 days ago", very volatile movements have been seen in the Euribor, but "it is likely that from now on we will see more sustained, more stable movements", he assures .

Regarding whether the Euribor can end the year close to 0.5%, Colombelli prefers to be cautious and assures that everything will depend on the decisions that the European Central Bank (ECB) can make, which could begin to raise rates in the third quarter of the anus.

The strong rise registered by the Euribor in April will cause an

, since a year ago, in April 2021, the indicator closed at an average rate of -0.484%.

For an average mortgage of 150,000 euros over 30 years, with Euribor plus a differential of 0.99%, the increase will be about 32 euros per month or about 384 euros per year.

In this case, the increase will be 63.6 euros per month or almost 764 euros per year.

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