One-year euribor continued to rise

The twelve-month euribor, commonly used as the reference interest rate for Finnish mortgages, rose to 2.217% on Thursday from 2.208% on Wednesday. The one-year euribor rose for the third day in a row.

The six-month euribor fell to 2.134% from 2.139% and the three-month euribor rose to 2.013% from 2.011%.

The 12-, six-, and three-month Euribors have remained mostly at a level of more than two percent since late spring of last year.

Euribors began to decline in the fall of 2023, when investors began to price in the reduction of policy interest rate hikes. Last year, the rate of decline leveled off, and towards the end of the year interest rates even saw a nice rise.

The European Central Bank ECB started lowering the key interest rates in June 2024. The last rate cut was seen in June 2025, and since then the key interest rate has been kept unchanged at 2.15 percent.

The short-term market rates underlying the Euribor both follow and anticipate the European Central Bank’s policy rates. Expectations are influenced not only by the European economic situation but also by the global market outlook.