Historical Euribor Charts

3 Month Euribor Trend

The 3 month Euribor is a key benchmark for short- to medium-term lending in the euro area. It reflects the average rate at which banks lend to each other for three months and is widely used for consumer loans, overdrafts, and some variable-rate mortgages. The 3 month tenor tends to be more sensitive to changes in ECB policy and money market conditions than longer maturities. When the ECB signals a shift in rates, the 3 month Euribor often moves quickly in anticipation. Over the past decade, the 3 month rate has experienced dramatic swings: from negative territory during the post-crisis and pandemic years to above 4% during the 2022–2023 tightening cycle. Charting the 3 month trend helps borrowers understand short-term rate momentum and plan for upcoming loan resets. Explore the 3 month Euribor page for current rates and detailed data.

6 Month Euribor Trend

The 6 month Euribor is the most popular reference rate for variable-rate mortgages in many Eurozone countries, including Spain, Italy, and Portugal. Its six-month reset frequency offers a balance between stability and responsiveness: borrowers know their rate for half a year before it is reviewed, while still benefiting from or adjusting to market movements within a manageable timeframe. The 6 month trend often tracks the 3 month rate with a slight lag and typically trades at a modest premium to shorter tenors, reflecting the additional term risk. During the 2022–2023 rate hikes, the 6 month Euribor rose sharply alongside other tenors, peaking at historically high levels. Since then, it has begun to ease as the ECB has cut rates. Understanding the 6 month trend is essential for mortgage holders and anyone considering a variable-rate loan. View the 6 month Euribor page for up-to-date figures and context.

12 Month Euribor Trend

The 12 month Euribor represents the one-year interbank rate and is commonly used for longer-term variable products and some mortgages with annual resets. It tends to be less volatile than shorter tenors because it smooths out short-term fluctuations. The 12 month rate often sits above the 6 month rate in a normal upward-sloping yield curve, reflecting the premium for locking in funds for a longer period. Over the past two decades, the 12 month Euribor has ranged from deeply negative (during the ECB's negative rate era) to above 4% in 2023. Charting its long-term trend reveals the full arc of European monetary policy: the post-2008 easing, the euro crisis, the quantitative easing years, and the recent inflation-fighting cycle. For a focused view, see the 12 month Euribor page.

Long-Term Euribor Cycle

Viewed over decades, Euribor exhibits clear long-term cycles driven by the economic and monetary policy environment. The early 2000s saw rates in a moderate range before the financial crisis of 2008 triggered sharp cuts. From 2009 until 2022, Euribor spent much of its time at historically low or negative levels as the ECB sought to support the economy through the debt crisis and the pandemic. This "low-for-long" period benefited borrowers but squeezed savers and banks. The abrupt reversal in 2022–2023, when inflation surged, led to the fastest rate increases in the euro's history. Understanding these cycles helps put current levels in context: what seems high today may look normal in a decade, and what seemed "normal" in 2019 was in fact historically unusual. For more analysis, visit our history page and Euribor forecast.