Euribor sets a new milestone this Thursday. 2.7% level On daily interest rates for the first time since January 2009, until the next meeting of the European Central Bank (ECB) Governing Council on 27 October.
After learning yesterday that inflation in the euro area had soared to a record 9.9% in September, the gauge rose to a daily rate of 2.733% this Thursday. new historical record and eight-tenths faster than that recorded in August, despite being one-tenth below the initial estimate of 10% published by Eurostat.
The indicator intensified its rise throughout September. central banks, It reached a climax after several members of the ECB Governing Council opted for a 75 basis point increase at its October 27 meeting.
After the new inflation data, the market is paying attention to messages from the USA. central bankers and Euribor is trying to predict the next monetary policy moves.
“Despite the one-tenth revision according to the preliminary indicator, inflation is close to the highest in its series and risks are on the upside. Expectations that the ECB will raise interest rates at its next meeting remain at +75 points base levels.” say analysts banker.
After closing September with the monthly average of 2,233%, the highest level since January 2009, provisional data for the monthly Euribor corresponding to October, It stands at 2.6%.