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2 clusters · 5 sources · 27 days · First seen · Last updated

Euribor interest rate increases and economic impact

Overview

The Euribor has experienced a steady upward trend, reaching its highest levels since mid-2024. By late September, the rate closed at approximately 3.24%, driven by inflation concerns and geopolitical instability in the Middle East. This rise has directly increased costs for households with variable-rate mortgages, with some annual payments expected to rise by as much as 1,000 to 1,300 euros.

By late October, the 12-month Euribor reached 3.267%. While this increase has raised mortgage costs for consumers in Spain, investment banks such as Goldman Sachs and UBS forecast that the higher interest rates set by the European Central Bank may boost profits for major European banking institutions through 2027.

Entities

European Central Bank · Goldman Sachs · Banco de Portugal · Euribor · Spain

Timeline

  1. [BUSINESS] 5 sources
    Goldman Sachs and UBS forecast strong earnings amid rising Euribor

    Goldman Sachs and UBS predict record earnings for U.S. and European markets, while the rising Euribor increases mortgage costs in Spain.

  2. [BUSINESS] 13 sources
    Euribor hits two-year high as interest rates and mortgage costs rise

    Euribor rates have hit a two-year high, exceeding 3%, increasing mortgage costs for European households. Meanwhile, Argentina faces record delinquency rates in fintech and digital wallets.

Sources

lacronicabadajoz.com · merca2.es · ocio.diarioinformacion.com · que.es · sapo.pt