The week ends with new highs for Euribor for 6 and 12 month

The end of the year is approaching and the latest news of slowing inflation at the end of November gives signs of some relief in the rise in the cost of living felt by consumers in the second half of 2022. However, the European Central Bank reinforces the need to keep a close watch on the evolution of inflation, choosing to keep a tight pulse on interest rates. Proof of this was this week’s announcement by the ECB to raise Euro interest rates by 0.5 basis points. Thus, we will now analyse the evolution of the Euribor rate this week.

On Monday, December 12, the Euribor rate went up again in the 3, 6 and 12 month maturities, following the trend of the last session, last Friday. Thus, the 3 month Euribor rose to 2.052%, as did the 6 month rate, which was fixed at 2.527%. This increase was followed by the 12-month term, which rose to 2.880%.

On Tuesday, 13th December, there was a reversal in the trend of the last two Euribor review sessions, with a drop announced in the 3, 6 and 12 month maturities. Thus, the 3 month Euribor rate was fixed at 2.046%, whilst the 6 month rate retreated to 2.479%. The 12 month rate also fell, settling at 2.873%.

On Wednesday 14 December, the ECB’s announcement revealed a mixed development, with a return to a rise in the Euribor for 3 and 6 month maturities as opposed to a further decline in the 12 month maturity. Thus, the 3 month Euribor rose today to 2.081%, together with the 6 month Euribor which followed this trend, settling at 2.519%. On the other hand, in contrast to these increases, the 12 month Euribor fell once again, to 2.871%.

Yesterday, Thursday 15th December, the 3, 6 and 12 month Euribor decreased again in comparison to the previous session: the 3 month Euribor fell to 2.062%, accompanied by the 6 month Euribor, settling at 2.493% and by the 12 month Euribor, settling at 2.867%.

Today, Friday 16th December, we close the week with an increase in the Euribor rate for the 6 and 12 month maturities and a new decline in the 3 month maturity. Thus, the 3 month Euribor rate fell to fixed values of 2.047%. On the other hand, the Euribor for 6 and 12 month maturities, recorded new increases, settling at 2.569% and 2.993%, respectively.

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