Three and six-month Euribor rates reached highs not seen since November 2024. This movement represents a significant rise in financing costs in the European market.
Euribor is calculated based on the average of the rates at which a panel of 21 banks from the eurozone is willing to lend money to each other in the interbank market. This indicator serves as a reference for millions of credit contracts throughout Europe.
The increase in Euribor rates directly affects borrowers with loans indexed to this benchmark, resulting in higher monthly payments. This phenomenon occurs in the context of the European Central Bank's monetary policy.
