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Euribor interest rate fluctuations in Spain and EU
Overview
The upward trend in Euribor rates continued into September 2026, driven by geopolitical tensions in the Middle East and rising inflation in Spain. Following a decision by the European Central Bank (ECB) to raise key interest rates by 25 basis points, Euribor rates reached new highs.
By September 10, the six-month Euribor rate rose to approximately 2.806%–2.820%, its highest level since November 2024. The twelve-month rate peaked between 3.138% and 3.160%, marking its highest point since August 2024, while the three-month rate settled around 2.643%–2.647%.
These increases pose a significant burden for mortgage holders, particularly in Portugal. According to July data from the Bank of Portugal, the six-month rate accounts for 39.87% of the stock of variable-rate loans for permanent residential housing, while the twelve-month and three-month rates represent 31.26% and 24.40%, respectively. Consequently, some monthly mortgage payments are expected to increase by as much as 100 euros in October.
Entities
Euribor · European Central Bank · Bank of Portugal · Banco de Portugal · Bank of Spain
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 9 SOURCES] The 12-month Euribor rate rose to 3.003% on August 21, 2026. dinheirovivo.dn.pt · www.economiafinanzas.com · www.informacion.es · eco.sapo.pt · www.iltalehti.fi · +4 more
- [● 7 SOURCES] The 12-month Euribor rate rose to 3.003%, surpassing the 3% threshold for the first time since September 2024. dinheirovivo.dn.pt · www.economiafinanzas.com · www.informacion.es · eco.sapo.pt · www.iltalehti.fi · +2 more
- [● 4 SOURCES] Geopolitical uncertainty regarding the conflict in the Middle East and rising oil prices are driving the upward trend. www.economiafinanzas.com · www.iltalehti.fi · www.naftemporiki.gr · www.que.es
- [● 4 SOURCES] The 6-month Euribor rate was recorded at 2.765%. dinheirovivo.dn.pt · observador.pt · eco.sapo.pt · jornaleconomico.sapo.pt
- [● 4 SOURCES] The 3-month Euribor rate reached 2.524%. dinheirovivo.dn.pt · observador.pt · eco.sapo.pt · jornaleconomico.sapo.pt
- [● 4 SOURCES] The European Central Bank maintained its three key interest rates on July 23. dinheirovivo.dn.pt · observador.pt · eco.sapo.pt · jornaleconomico.sapo.pt
- [● 3 SOURCES] The provisional monthly average for the Euribor in August 2026 stands at 2.940%. www.euribordiario.es · www.economiafinanzas.com · www.informacion.es
- [● 2 SOURCES] Oil prices have risen above 90 dollars per barrel. www.economiafinanzas.com · www.que.es
- [● 2 SOURCES] Eurozone inflation stood at 2.9% in July. www.economiafinanzas.com · www.moncloa.com
- [○ 1 SOURCE] Negotiated wages in the eurozone grew by 2.44% year-on-year in the second quarter of 2026. www.moncloa.com
Timeline
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4 days ago
[BUSINESS] 6 sourcesEuribor rates hit new highs following ECB interest rate hikeEuribor interest rates have hit new highs for the 3, 6, and 12-month terms following an ECB interest rate hike, impacting variable-rate mortgage holders in Portugal.
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12 days ago
[BUSINESS] 2 sourcesEuribor rises to multi-year highs, increasing mortgage costsThe Euribor has risen significantly, with the August average at 2.95% and provisional September data reaching 3.049%, increasing costs for variable-rate mortgage holders.
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14 days ago
[BUSINESS] 2 sourcesEuribor rises toward 3%, impacting mortgage demandThe Euribor has climbed toward 3%, its highest level in nearly two years, increasing mortgage costs and tightening credit eligibility for homebuyers.
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17 days ago
[BUSINESS] 5 sourcesEuribor rates rise toward 3%, increasing mortgage costsEuribor rates rose in August, with the 12-month benchmark reaching 2.956%, potentially increasing annual mortgage costs by over 800 euros for average variable-rate loans.
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19 days ago
[BUSINESS] 4 sourcesEuribor rates fluctuate with mixed results for six and twelve-month termsEuribor rates for six and twelve months have decreased, while the three-month rate continues to rise, impacting variable-rate mortgage holders in Portugal.
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21 days ago
[BUSINESS] 2 sourcesEuribor August average reaches provisional 2.943%The Euribor average for August 2026 has reached a provisional 2.943%, reflecting a notable increase from the 2.114% average recorded in August 2025.
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21 days ago
[BUSINESS] 7 sourcesEuribor rates rise, pushing savings certificates to maximum returnEuribor rates for three and six months are rising, pushing 'Certificados de Aforro' returns to their 2.5% maximum for September amid ongoing ECB monetary policy shifts.
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24 days ago
[BUSINESS] 13 sourcesEuribor rates rise as 12-month index surpasses 3%The 12-month Euribor has surpassed 3%, reaching 3.003% on August 21, 2026. This rise, driven by geopolitical tensions and inflation, will increase monthly costs for variable-rate mortgage holders.
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29 days ago
[BUSINESS] 6 sourcesEuribor rates fluctuate amid high inflation in SpainEuribor rates are fluctuating, with six and twelve-month rates rising in Portugal while Spain faces high inflation of 3.9%, potentially prompting further ECB interest rate hikes in September.
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about 1 month ago
[BUSINESS] 2 sourcesEuribor index decreases slightly to 2.943%The Euribor has decreased slightly to 2.943%, though rates remain higher than last year, impacting variable-rate mortgage payments.
Sources
4jewish.com · atlantico.net · baixoalentejo.com · cnnportugal.iol.pt · correiodamanhacanada.com · directivosyempresas.com · dnoticias.pt · eco.sapo.pt · economiafinanzas.com · ejeprime.com · elegantrings.com · euribor.com.es · euribordiario.es · finect.com · foreveryoung.sapo.pt · iltalehti.fi · jornaleconomico.sapo.pt · laregion.es · merca2.es · moncloa.com · naftemporiki.gr · negocios.com · news.adakar.com · observador.pt · ocio.diarioinformacion.com · ocio.lne.es · okdiario.com · postal.pt · que.es · regionai.lt · revista.tempo.co.mz · rr.sapo.pt · sapo.pt · todoalicante.es · ushuaianoticias.com
This summary has been updated 15 times: see revision history