The six-month Euribor rate has fallen below 4 percent again this week, continuing a downward trend. The Euribor rate is the average interest rate at which Eurozone banks lend to one another. This decrease in the Euribor rate indicates that borrowing costs are decreasing for banks. However, while this may be good news for banks, it may not translate into lower borrowing costs for individuals and businesses. The Euribor rate is an important benchmark rate used for loans, mortgages, and other financial products, so its decrease could potentially have a positive impact on the overall economy..
The six-month Euribor reached its highest level of the week on Wednesday at 3.964 percent.
On Thursday, the euro interest rate for a three-month period rose to a record high of 3.815 percent. It was 3.788 percent at the same time a week earlier.
Over the week, the 12-month Euribor slightly increased, reaching its highest point of 4.116 percent on Wednesday before falling to 4.095 percent on Thursday.
The Euro Interbank Offered Rate (Euribor), is a pan-European interbank interest rate at which banks across Europe can lend money to each other.
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The Euribor interest rates in Europe have been rising this week, with the six-month Euribor reaching its highest level at 3.964 percent and the three-month rate reaching a record high of 3.815 percent. The 12-month rate also increased, peaking at 4.116 percent before falling to 4.095 percent. Euribor is the interbank rate at which European banks can lend money to each other.
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