The 12-month Euribor rate which was above 4% between 16 June and 28 November, dropped today to 3.728%, 0.057 points less than on Tuesday. After having risen on 29 September to 4.228%, a new maximum since November 2008.

According to BdP data for October 2023, the 12-month Euribor represented 37.8% of the stock of loans for permanent home ownership with variable rates. The same data indicates that the six- and three-month Euribor represented 35.9% and 23.6%, respectively.

Within six months, the Euribor rate, which was above 4% between 14 September and 1 December, fell today to 3.950%, 0.003 points less than in the previous session and against the maximum since November 2008, of 4.143 %, registered on 18 October.

In the same sense, the three-month Euribor fell today compared to the previous session, also being set at 3.950%, minus 0.008 points, after having risen on 19 October to 4.002%, a new maximum since November 2008.

Euribor began to rise more significantly from 4 February 2022, after the European Central Bank (ECB) admitted that it could raise key interest rates due to the increase in inflation in the Eurozone, and the trend was reinforced with Russia's invasion of Ukraine began on 24 February 2022.

At the most recent monetary policy meeting, on 26 October, in Athens, the ECB maintained reference interest rates for the first time since 21 July 2022, after 10 consecutive increases.

The ECB's next monetary policy meeting, which will be the last this year, will take place on 14 December.

The three-, six- and 12-month Euribor rates recorded all-time lows, respectively, of -0.605% on December 14, 2021, -0.554% and -0.518% on 20 December, 2021.

Euribor is set by the average of the rates at which a group of 19 banks in the Eurozone are willing to lend money to each other in the interbank market.