US EditionEuribor hits 2.93% in biggest rise since 2008
11 Articles
11 Articles
The war in Iran and the fear that inflation will spread and force the central banks (in this case, the European Central Bank) to raise interest rates do not stop the eurobor. The main indicator that is used in Spain to review mortgages at variable rate has climbed this Tuesday to 2.929% in daily rate. In a single day it rises almost two tenths, its biggest increase since July 2008. This implies that the monthly average already reaches 2.479% in …
The Euribor is on the verge of surpassing 3%. The reference value for variable mortgages is 2,929% in daily terms this Tuesday, at peaks since September 2024. The war in the Middle East has triggered it, in the face of fears that higher inflation due to the rise in energy and its transfer to services and goods force the central banks to raise interest rates.Continue reading...
The indicator is experiencing its biggest daily rise since 2008, and threatens to increase the share of mortgages at variable rates that will review their loan in the near future.
Euribor hits 2.93% in biggest rise since 2008
The 12-month Euribor rate rose to 2.93 per cent on Tuesday, marking its largest single-day increase since 2008 as market pressure linked to the Iran war pushed borrowing costs higher across Europe. The benchmark rate, used for many mortgage loans, climbed from 2.74 per cent on Monday and has now risen by 0.7 percentage points since the start of March. The latest figure places it at its highest level since September 2024. Nordea chief analyst Jan…
The war in the Middle East has caused exceptional fluctuations in the fixed income market.
The Iran war and the resulting rise in energy prices are driving up interest rates.
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