Euribor, or Euro Interbank Offered Rate, is a reference rate that indicates the average interest rate at which eurozone banks are willing to lend money to one another on an unsecured basis. It is published daily and is based on the quotes provided by a panel of banks that report the interest rates at which they believe they can borrow funds from other banks. Euribor rates are important benchmarks for numerous financial products, including mortgages, loans, and derivatives in the euro currency. The rates are calculated for various maturities, ranging from one week to twelve months, and serve as a key indicator of the euro area’s monetary policy and underlying financial conditions.
January marks a turning point for the Euribor, ending its nine-month decline, expected to rise to 2.52%. Homeowners won't see an increase in monthly payments despite the Euribor's rise, especially…