The six-month Euribor on Wednesday decreased by 0.014 percentage points compared to Tuesday to 3.620 percent. /nginx/o/2023/09/15/15594148t1h0ca3.jpg)
Euribor. Photo: Sander Ilvest
The six-month Euribor on Wednesday decreased by 0.014 percentage points compared to Tuesday to 3.620 percent.
The interbank financial market indicator Euribor is linked to the deposit rate of the European Central Bank (ECB). The Council of the European Central Bank, at its meeting on June 6, decided to lower the three benchmark interest rates by 25 basis points.
Thus, from June 12, the interest rate on main refinancing operations is 4.25%, the base interest rate on loans is 4.50%, and the deposit rate is 3.75%.
Until the recent cut, interest rates had not changed since September last year. Previously, the ECB raised interest rates ten times in a row from July 2022. This was the most decisive tightening of monetary policy in the history of the eurozone.
The record high six-month Euribor was recorded in the fall of 2008, when it amounted to 5.431 percent.
