Hi buddy tsig would like to ask your opinion on whether to shut my money on an annual fixed deposit (because I see a drop rate) or quarterly fixed deposit;
INTEREST RATE FORECAST FOR COURSE Forward
Written by kostas pap Monday, 02 August 2010 20:43
This is a comment on " Interest rate cuts by the Bank of Peloponnese "
Comments (2)
For how much talking; If more than 20000 Look at this program FBB. It has all the good God (good 3-month interest rate, your money off the end of the quarter and converted into an even higher annual rate).
I personally do not expect significant changes in interest rates, at least directly.
The fact is that banks want to put a brake on increasing deposit rates and existing samples reductions. Last year in March we had the same situation with high interest rates. Then we saw a coordinated interest rate cut by all banks, which still has not done this year.
The question is whether the current level of interest rates if banks withstand lack of liquidity due to lower interest rates on deposits.
Considering that inflation in July was s 5.2% a rate of 6% (ie, net 5.4%) barely keeps the value of money. In Romania expected inflation rate of 8% in the local currency futures are around 8%.
On the other hand, the interbank rates continue to climb euribor.
Perhaps it is too early to draw conclusions and probably the landscape will be clearer in September.