12-month Euribor
Find out the updated Euribor
Evolution of the Euribor monthly historical rate
Frequently asked questions about the Euribor
It's a rate that reflects the average interest rate at which a group of banks in the Eurozone lend one another money.
It is mainly used in financial contracts, especially in variable and mixed-rate mortgages.
- 1-month Euribor
- 3-month Euribor
- 6-month Euribor
- 12-month Euribor
(most often used in mortgages)
The Euribor goes up when the European Central Bank raises interest rates to control inflation.
The Euribor goes down when the European Central Bank lowers interest rates to stimulate the economy.
Yes, there are other rates such as the LIBOR (used in international markets), the IRPH (an alternative in some Spanish mortgages) or the €STR (used for short-term operations in the Eurozone).
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We answer your most frequently asked questions
What is the Euribor and what is it used for?
The Euribor (Euro Interbank Offered Rate) is the average interest rate at which major banks in the eurozone lend money to one another. Its primary role is to serve as a benchmark for a wide range of financial products. In Spain, it is particulary important because it is commonly used to determine the interest rates applied to variable rate and mixed-rate mortgages.
What types of Euribor are there according to the calculation period?
The Euribor is calculated for several different maturities, with the most common being one week, one month, three months, six months, and twelve months. In Spain, the 12-month Euribor is the most commonly used benchmark for the annaul review of mortgage payments.
Why does the Euribor rise and fall? What factors influence it?
The Euribor is closely influenced by the monetary policy decisions of the European Central Bank (ECB). In general, Euribor rates tend to rise when the ECB increases interest rates to curb inflation. Conversely, they usually fall when te ECB lowers rates to encourage borrowing, investment, and economic growth.
What other mortgage reference indices exist?
In addition to the Euribor, the most widely used benchmark, there are other reference indices, such as the IRPH (Mortgage Loan Reference Index), which is used in some mortgages in Spain.
What has been the highest Euribor level recorded? And the lowest?
The Euribor reached its all-time high in July 2008, when it climbed to 5.393%, coinciding with the onset of the global financial crisis.
At the other extreme, its record low occurred in January 2021, when it fell to -0.505% amid the European Central Bank's negative interest rate policy designed to support economic activity.
At the other extreme, its record low occurred in January 2021, when it fell to -0.505% amid the European Central Bank's negative interest rate policy designed to support economic activity.
What is the difference between the Euribor and the mortgage spread?
The interest rate on a variable-rate mortgage is made up of two components: the Euribor, which is the variable part and is updated at each review period, and the spread, which is a fixed percentage added to it. The spread is agreed with the bank when the mortgage is signed and remains unchanged throughout the life of the loan.
How does the rise or fall of the Euribor affect my mortgage payment?
If you have a variable-rate or mixed-rate mortgage linked to the Euribor, your monthly payment is periodically reviewed, typically every six or twelve months. If at the time of the review the value of the Euribor has risen compared to the previous review, your monthly mortgage payment will increase. If it has gone down, your mortgage payment will decrease.
If you have any questions, you can contact Banco Sabadell on freephone900 700 010 .
If you have any questions, you can contact Banco Sabadell on freephone
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1 The personalised price included in this assessment is neither binding nor a substitute for the European Standardised Information Sheet (ESIS).