Madrid (EFE)
According to market data collected by EFE, after reaching this daily rate, the monthly average, which is used to calculate the variable mortgage payments, reached 3.929% in June.
The Euribor has exceeded that 4% in daily rate after yesterday, the European Central Bank (ECB) raised its interest rates by a quarter of a point, up to 4%, the highest level since June 2000, because he expects inflation to “remain too high for too long.”
Likewise, the president of the ECB, Christine Lagarde, sees it as “probable” that the institution will raise interest rates again in July.
The Euribor closed May with an average rate of 3.862%, a new maximum since 2008 and, although it slowed down its rise compared to previous months, it once again made the installments of these credits more expensive.
The average rate of the Euribor in May was slightly higher than that of April (3.757%), specifically, 105 basis points more, compared to the 110 that it grew in the previous month, or the 113 basis point increase that it experienced in March.