Euribor rises sharply amid energy market turmoil

The 12-month Euribor rose sharply on Friday, reaching 2.658 percent as markets reacted to the economic impact of the illegal US-Israeli war against Iran. The benchmark rate, widely used for home loans in Finland and across Europe, increased by 0.134 percentage points from Thursday’s level of 2.524 percent. According to OP senior market economist Jari Hännikäinen, the move ranks as the 13th largest daily rise on record. “Volatility is now intense,” Hännikäinen wrote on X.