Euribor Rates Today

Reference guide

What is Euribor?

Euribor (Euro Interbank Offered Rate) is the daily reference rate based on the average interest rates at which Eurozone banks lend to one another. It is administered by the European Money Markets Institute (EMMI) and calculated using data from a panel of prime Eurozone banks. Euribor serves as a benchmark for trillions of euros in financial products across Europe, including mortgages, loans, derivatives, and savings accounts.

Euribor is published daily for five standard maturities known as tenors: 1 week, 1 month, 3 months, 6 months, and 12 months. Each tenor reflects the rate at which banks are willing to lend to each other for that specific period. The 3-month and 12-month Euribor rates are the most widely referenced, particularly in the mortgage market where they serve as the base rate for variable-rate home loans across the Eurozone. See the Historical Euribor Chart to view rates since 2015.

The European Central Bank (ECB) refinancing rate directly influences the direction of Euribor. When the ECB raises or lowers its key interest rates, Euribor typically follows the same direction within days. This relationship makes Euribor a sensitive barometer of Eurozone monetary policy and economic conditions — a key aspect of any complete Euribor explained guide.

How does Euribor affect your mortgage?

For homeowners with variable-rate mortgages, changes in Euribor directly affect monthly payments. A typical mortgage might be priced at Euribor (usually 3-month or 12-month) plus a bank margin. When Euribor rises, monthly payments increase; when it falls, payments decrease. Use our Euribor Mortgage Calculator to estimate your monthly payments.

Euribor also influences other financial products: business loans, student loans, credit lines, and interest rate swaps all reference Euribor as a benchmark. Its stability and transparency, guaranteed by the EU Benchmarks Regulation (BMR), make it one of the most trusted financial reference rates in the world.

Between 2015 and mid-2022, Euribor rates spent several years in negative territory, a historic period driven by the European Central Bank's ultra-loose monetary policy and negative deposit facility rate. During this time, Euribor rates fell below zero, meaning banks effectively paid to lend to each other. This unusual environment had significant implications for savers and lenders alike. From mid-2022 onwards, as the ECB began aggressively raising rates to combat inflation, Euribor returned to positive territory and climbed steadily, reaching levels not seen in over a decade. Understanding this history is crucial for anyone tracking rate trends and making borrowing decisions today.

As of 2026-06-05, the 3-month Euribor stands at 2.312% and the 12-month Euribor at 2.842%, with the ECB main refinancing rate at 2.15%. These levels reflect the current monetary policy stance and provide important context for anyone evaluating mortgages, loans, or investment decisions in the Eurozone.