The low level of Euribor is especially suitable for citizens who have taken housing loans indexed in euros, because it does not raise their loan installments, and judging by bankers’ forecasts, no significant growth of this European interbank interest rate should be expected in the next few years.
As the Secretary General of the Association of Serbian Banks, Vladimir Vasic, told Tanjug, in the next three or four years, the value of Euribor could remain very low.
Euribor has been declining for years, and now it is negative, which suits the economy and the citizens whose loans are tied to it.
Of course, as it decreases, it may grow, but I personally do not expect that to happen within the next three or four years, at least not significantly, Vasic points out.
He points out that even if there is an increase, it will not be sudden, but gradual.
I certainly do not expect big oscillations and for Euribor to return to the level of four to five percent, as it was ten years ago, said Vasic.
As Tanjug was previously told in the National Bank of Serbia, about 65 percent of the value of domestic loans is indexed or approved in euros, and 43 percent of them are related to Euribor.
It has a greater impact on loans to the economy, because 83 percent of loans to the economy are Euro-indexed, and 44 percent for loans to households, where the majority are housing loans.
The NBS stated that it is difficult to estimate how Euribor will move further, because it depends on supply and demand.
They explained, however, that its movement will mostly depend on the policy of the European Central Bank and the extent to which it will pursue an expansive monetary policy.
Euribor is the European interbank rate, which is actually the interest rate at which first-class European banks lend money to each other on the interbank market.
Banks in our country use Euribor as a reference interest rate, ie the basis in the structure of the nominal interest rate when calculating interest rates on loans indexed to euros.
The offer is usually three-month and six-month Euribor. Their value is calculated daily, Dnevnik reports.
