The index to which most mortgages refer is at 1.067%, prompted by the announcement that the ECB will raise interest rates in July and September.
Euskaraz irakurri: Euriborra, % 1etik gora 2012tik lehen aldiz
The Euribor it was placed at 12 months more than 1% in its daily rate for the first time in almost ten yearsafter chaining a staggering rise in recent days with expectations that the European Central Bank (ECB) will raise interest rates.
The index that most mortgages are referenced was at 1.067%, the highest current value since July 11, 2012, when it was placed at 1.084%.
With this new data, the preliminary monthly average for June stands at 0.646%, a level not seen since October 2012, well above the 0.287% it closed last May and even more from the lows of less than -0.5 % where it stood at the end of 2021.
The rise in the Euribor was prompted by the announcement that the ECB will raise interest rates in July and September, making interest rates positive from the third quarter.
The ECB is holding an emergency meeting to review the market situation after required yields on Italian and Spanish bonds hit 2014 levels this week, above 4% and 3% respectively.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
