Housing
Euribor at six and 12 months rises to highs of about two years
The six-month and 12-month Euribor rates rose to 2.797% and 3.116% respectively, while the three-month rate fell to 2.669%. The European Central Bank is scheduled to meet on September 9 and 10, where markets anticipate a potential rate hike of 0.25 percentage points.
Why it mattersIf you have a variable-rate mortgage, the recent upward trend in six-month and 12-month Euribor rates means your monthly repayments are likely to increase at the next interest rate reset.
