Euribors jerked down after Christmas

The 12-month euribor, commonly used as a reference interest rate for mortgages, fell to 2.465 percent last Friday from 2.471 percent quoted on Christmas Eve. No changes were recorded in euribor rates on public holidays.

The six-month euribor fell to 2.577% on Friday from 2.597% on Christmas Eve. The three-month euribor was quoted at 2.683 percent, while it was 2.715 percent on Christmas Eve.

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.

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