The twelve-month euribor was quoted at 3.750% on Monday.
Home loans The one-year euribor, which is commonly used as a reference interest rate in Finland, rose close to the peak readings of the current year on Monday.
The interest rate was quoted at 3.750 percent on Monday, while it was still at 3.709 percent on Friday.
During the current year, the twelve-month euribor reached its highest level of 3.751 percent at the beginning of March. At the beginning of February, the interest rate was at its lowest at around 3.5 percent.
“The 12-month euribor today bounced back to near its peaks this year. Although there are still uncertainties in the inflation picture, the ECB is marching towards the interest rate cut in June, which would probably also gradually turn Euribor into a more permanent decline”, Nordea’s chief analyst Jan von Gerich wrote the message service on Monday in X.
European the central bank decided at the beginning of March to keep its key interest rate unchanged. However, some of the members of the ECB’s monetary policy council hinted shortly after the ECB’s interest rate meeting that the central bank might start lowering interest rates in the summer.
Many economists also believe this.
For example, Nordea has predicted that the ECB will start lowering key interest rates in June and then lower them two more times this year.
According to Nordea’s forecast, the 12-month euribor will be around 3 percent at the end of this year. At the end of next year, it would be around 2.5 percent, Nordea estimates.