Euribor 2025 graph
Euribor 2025 numbers
| Year | Month | 1 month | 3 months | 6 months | 12 months |
| 2025 | 12 | 1.9136 | 2.0458 | 2.1387 | 2.267 |
| 2025 | 11 | 1.903 | 2.041 | 2.131 | 2.217 |
| 2025 | 10 | 1.906 | 2.034 | 2.1068 | 2.187 |
| 2025 | 9 | 1.897 | 2.027 | 2.1023 | 2.172 |
| 2025 | 8 | 1.89 | 2.021 | 2.0844 | 2.114 |
| 2025 | 7 | 1.892 | 1.986 | 2.0553 | 2.079 |
| 2025 | 6 | 1.929 | 1.984 | 2.0497 | 2.081 |
| 2025 | 5 | 2.094 | 2.087 | 2.1169 | 2.081 |
| 2025 | 4 | 2.243 | 2.249 | 2.201 | 2.143 |
| 2025 | 3 | 2.401 | 2.442 | 2.3854 | 2.398 |
| 2025 | 2 | 2.606 | 2.525 | 2.4596 | 2.407 |
| 2025 | 1 | 2.792 | 2.704 | 2.6121 | 2.525 |
After a couple of years dominated by rising interest rates, 2025 finally brought a calmer tone to Europe’s borrowing landscape. Euribor — the benchmark that influences many variable-rate mortgages and business loans — spent most of the year slowly drifting downward, offering much-needed breathing room to households and borrowers across the euro area.
Why did Euribor ease in 2025?
The biggest driver behind Euribor’s movement was the changing direction of monetary policy. Inflationary pressure had started to cool compared with previous years, and economic growth remained fragile in many parts of Europe. As a result, the European Central Bank shifted from fighting inflation with higher rates to supporting stability through gradual rate cuts.
Because Euribor closely follows expectations around central bank policy, the market responded to this softer stance. The result was a steady decline rather than a dramatic drop — a slow, measured easing that unfolded through the months.
What did it mean for everyday borrowers?
For people with mortgages tied to Euribor (for example, 6-month or 12-month Euribor), the year was generally positive. Many borrowers saw their payments decrease slightly when their loan rate reset, or at least stop increasing. That alone made 2025 feel different: the sense of “constant upward pressure” started to fade.
Still, the relief didn’t feel like a sudden turnaround. It was more like a gradual loosening — the financial equivalent of taking your foot off the brake rather than stepping on the gas.
Did the trend continue smoothly?
In the second half of the year, the pace of the decline began to slow. Markets increasingly debated how far rate cuts could realistically go and whether the ECB would eventually pause. That uncertainty meant Euribor didn’t fall endlessly — instead, it started to show signs of stabilising, with smaller moves and more cautious expectations.
In summary
Euribor in 2025 can be described as a year of slow improvement. The peak-rate period was left behind, and borrowers began to feel modest relief. While the downward trend appeared real, the second half of the year also reminded everyone that interest rates rarely move in a straight line — and that the next steps depend heavily on inflation, growth, and central bank decisions.