No big changes in euribores before Christmas

The 12-month euribor, commonly used as a reference interest rate for mortgages, rose to 2.471 percent on Christmas Eve from 2.461 percent on the previous quotation day. No changes are recorded in euribor rates on public holidays.

The six-month euribor fell to 2.597 percent from the previous week’s 2.612 percent. The three-month euribor was quoted at 2.715 percent, while it was previously at 2.731 percent.

Euribors rose very quickly in 2022, reflecting, among other things, the inflation trend in Europe and the expected rate hikes from central banks.

During 2023, investors began to price in the folding of the policy interest rate hike, and varying views have caused sawing. This year, central banks started to lower interest rates, and the reductions are expected to continue next year.

How would an increase in the interest rate on your mortgage affect the installment? Test with a calculator