The 6-month Euribor fell below 3.4 percent again on Friday. The 12-month Euribor fell particularly sharply, reaching 3.1 percent today. The last time the 12-month Euribor was at this level was at the end of 2022. /nginx/o/2024/08/11/16283436t1h1a0c.jpg)
Photo: Sille Annuk
The 6-month Euribor fell below 3.4 percent again on Friday. The 12-month Euribor fell particularly sharply, reaching 3.1 percent today. The last time the 12-month Euribor was at this level was at the end of 2022.
In August, experts warned that expectations for interest rate cuts could be overly optimistic. The 12-month Euribor forecasts the average rate for the next year, while the 3-month Euribor, which stood at 3.525 percent today, reflects the forecast for the next three months only.
Jari Hännikainen, chief economist at Finland's OP Group, noted on Platform X that the market expects the European Central Bank to cut rates further. "However, the situation already looks encouraging for those who will have their mortgage rate revised in the near future," Helsingin Sanomat reports.
