The six-month European interbank rate Euribor has shown only a decline this week, reaching a level last seen in March 2023, writes dv.ee. After the European Central Bank cut interest rates last week, Euribor rose slightly, but has already shown only a decline this week. This behavior of the European interbank rate is partly explained by a more aggressive rate cut in the United States, where on Wednesday the Federal Reserve began cutting rates by 50 basis points for the first time in more than four years. As of Friday, the six-month Euribor, to which most home and other loans are tied, fell to 3.223%. The last time Euribor was in this range was in March 2023. Read more on dv.ee.
Euribor continues to decline
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