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Euribor hits new all time high of 5.393% in July

Date : (News Section: Spain)

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Euribor (12 months) – the interest rate normally used to calculate mortgage payments in Spain – rose to 5.361% in June, the highest level since the Euro was introduced. Euribor has now risen for 5 consecutive months, and is now 18.2% higher than it was a year ago. Compared to June 2004, when it dropped...

Article provided by Spanishpropertyinsight.com.
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