Euribor rates increase for three, six, and twelve months

Over the twelve-month horizon, the Euribor rate rose to 2.831%, an increase of 0.018 basis points compared to the previous session. Similarly, the three-month Euribor grew by 0.034 points, settling at 2.412%.

ECB Decisions and Next Steps

On June 11, the ECB decided to raise key interest rates by 0.25 percentage points, marking the first rise since September 2023, as anticipated by the market. In the previous meeting, on April 30, the ECB opted to keep key interest rates unchanged, making this the seventh consecutive meeting without a change, following eight reductions initiated in June 2024.

The next ECB monetary policy meeting is scheduled for July 22 and 23 in Frankfurt.

Monthly Average in June

During June, the monthly average of Euribor increased again for the three and six-month maturities, although it showed a decrease in the longest maturity. The three-month monthly average rose by 0.113 points, reaching 2.339%, while the six-month average rose by 0.060 percentage points to 2.596%. The twelve-month average decreased by 0.006, standing at 2.798%.

Euribor rates are determined by the average of the rates that a group composed of 21 banks in the Eurozone is willing to grant each other in the interbank market.