On Tuesday, the benchmark rate for most home loans, the six-month Euribor, fell to a 16-month low of 3.397%. /nginx/o/2024/05/22/16091299t1hd638.jpg)
Euribor. Photo: Sander Ilvest
On Tuesday, the benchmark rate for most home loans, the six-month Euribor, fell to a 16-month low of 3.397%.
In mid-October last year, the six-month Euribor rate reached a new peak since the 2008 financial crisis, rising to 4.14 percent. Since then, the base rate has been gradually reduced, but the decline accelerated sharply last week.
Kauppalehti writes that yesterday the 12-month Euribor rate fell to 3.138 percent. Chief analyst of the Finnish bank Nordea Jan von Gerich believes the rate of decline is too high. “The 12-month Euribor rate took its biggest fall this year on Tuesday as US economic woes lowered European Central Bank expectations. Compared to our own forecast, the Euribor rate has fallen too much and the future direction will again be moderate,” Gerich wrote on the social network X.
