Tensions still falling interbank market: Euribor three-month reference that banks use to base their policies on mortgage loans, was fixed this morning at 2.692% ( 2.729% on the previous day), which corresponds to the lowest level since March 10, 2006. Same direction for other rates: the one-month to 2.412% (2.449%) and six months at 2.765% (2.811%).
Consumers complain, however, that when the Euribor up (too) is the spread. "If I am forced to register, slowly descending the Euribor three months, arrived today at 2.69%, not to affect their profits, the Italian banks, maneuvering at will the spread, which until October 2008 had arrived at an average of 0.80%, and in these days has passed the 1, 70%, "said in a statement Elio Lannutti and Rosario dell'Adusbef Trefiletti of Federconsumatori.
"In addition to deleted from its offer riskier loans, particularly loans with maturities greater than 25-30 years and mortgage loans to 100% Despite the calls of the various authorities and central banks to lower the rates in line with those of reference "of the ECB," the majority of lenders not only lowered the rates properly applied, but has also increased in very substantially almost doubling, the spreads, nullifying the advantage of falling rates, "the statement continued.
Consumers point out that if the Italian banks adjust to the EU average interest on those loans, "there would be a saving on the rate of a minimum of € 39 per month (468 € a year) up to € 100 per month, with a greater burden of 1,200 € per year. " At the same time, "if banks were to transfer variable mortgage decisions of the ECB lowering rates by 0.75%, borrowers would have a further saving of € 45 per month, ie 540 euro per year. " This, the statement concludes, "without having to thank a government that finds the funds to approve the decrees salvabanche, without giving any tangible help to families and small businesses, literally choked by the credit tightening and the revocation of a trust 24 hours notice. "
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