Six- and 12-month Euribor rates rise to new 14-year highs
The Euribor are fixed by the average of the rates at which a group of 57 banks in the euro zone are willing to lend money to each other in the interbank market
The Euribor are fixed by the average of the rates at which a group of 57 banks in the euro zone are willing to lend money to each other in the interbank market
The evolution of Euribor interest rates is closely linked to increases or decreases in key ECB interest rates
The 12-month Euribor average increased from 2,828% in November to 3,018% in December
The 12-month rate reversed the previous trend
If the 12-month Euribor returns to pre-subprime crisis territories, the impact on the family budget is quite significant.
If the change occurs, it will be because the rate no longer complies with the rules designed and introduced to give greater strength to the markets, and as such, it will be replaced by a new rate