12-Month Euribor Sees Largest Daily Jump Since 2008 Amid Middle East Instability
The 12-month Euribor rate has experienced its most significant daily increase since 2008, rising to 2.93 percent on Tuesday, as Middle East instability fuels volatility in global interest rate markets and pushes borrowing costs higher across Europe.
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12-month Euribor sees biggest daily jump since 2008
Middle East instability is fuelling volatility in global interest rate markets.
Read full article →Euribor hits 2.93% in biggest rise since 2008
The 12-month Euribor rate rose to 2.93 per cent on Tuesday, marking its largest single-day increase since 2008 as market pressure linked to the Iran war pushed borrowing costs higher across Europe. The benchmark rate, used for many mortgage loans, climbed from 2.74 per cent on Monday and has now risen by 0.7 percentage points since the start of March. The latest figure places it at its highest level since September 2024. Nordea chief analyst Jan von Gerich said the move reflects growing i...
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