Euribor falls on all deadlines and renews lows to three and six months – The Economic Journal


Euribor rates have declined today for all deadlines compared to Friday, August 30, with the three- and six-month renewal of all-time lows.

The six-month Euribor rate, which serves as a benchmark for mortgage lending, declined 0.011 points today to -0.439% from Friday, settling at a new all-time low.

The highest six-month Euribor since July 2018 was reached on March 27 this year (-0.227%).

The three-month Euribor, in turn, fell 0.003 points to -0.436% from Friday, also hitting a new all-time low.

Euribor's three-month high last year was first recorded on 24 January (-0.306%).

As for the 12-month Euribor, it fell by 0.001 points to -0.384%, after having hit an all-time low on August 21 (-0.399%).

Since July of last year, the maximum value of this rate was reached, for the first time, on February 6, at -0.108%.

Three-, six- and 12-month Euribor rates entered negative ground in 2015 on April 21, November 6 and February 5, respectively.

Euribor interest rate developments are related to the increases or decreases in the key interest rates of the European Central Bank (ECB).

Recently they have been accentuating the negative value following Frankfurt's indication that it will keep key interest rates low rather than the expected increases, and may even fall further in the face of weak economic growth. from the eurozone.

For now, the interest rate on major refinancing operations is at 0%, the marginal lending facility rate at 0.25% and the deposit facility rate at -0.40%.

Euribor are set at the average rates at which a set of 57 eurozone banks are willing to lend money to each other on the interbank market.



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