Euribor rates
Find out what Euribor is, how it works and why it matters. Explore rates for different borrowing periods and learn how changes could affect your mortgage repayments.
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What is Euribor?
Euribor stands for "Euro Interbank Offered Rate." It is the average interest rate at which a panel of European banks can borrow funds from one another. The European Money Markets Institute (EMMI) calculates and publishes the official daily benchmark at about 11:00 am each day, Central European Time.
Why is Euribor important?
Euribor is used to set interest rates on financial products, including mortgages, savings accounts and some business loans.
How does Euribor work?
Euribor (Euro Interbank Offered Rate) was introduced alongside the euro in 1999. It measures the collective wholesale borrowing cost for banks within the European Union and European Free Trade Association (EFTA).
It reflects banks’ borrowing costs over five periods: one week, one month, three months, six months and 12 months.
How Euribor affects your mortgage
Some variable-rate mortgages use a Euribor rate plus a margin set by the lender. When your rate is reviewed, your monthly payments may rise or fall.
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How is Euribor calculated?
The European Money Markets Institute (EMMI) calculates Euribor using a regulated methodology designed to reduce the risk of manipulation.
The 5 official Euribor maturities
Euribor is published for five borrowing periods, ranging from one week to 12 months. Each has its own rate.
Euribor rates in 2026
See the 6-month Euribor rate for each month below. Follow the links to compare rates for other maturities.
| Period | 6-Month Euribor | Link |
|---|---|---|
| January 2026 | 2.14% | See all maturities |
| February 2026 | 2.14% | See all maturities |
| March 2026 | 2.32% | See all maturities |
| April 2026 | 2.45% | See all maturities |
Which banks are involved?
A panel of European banks provides the data used to calculate Euribor.
| Banks | Banks |
|---|---|
| Raiffeisen Bank International AG | National Bank of Greece |
| Belfius | Intesa Sanpaolo |
| OP Corporate Bank | UniCredit |
| BNP Paribas | Banque et Caisse d’Épargne de l’État |
| Crédit Agricole | ING Bank |
| HSBC Continental Europe | Caixa Geral de Depósitos (CGD) |
| Natixis | Banco Bilbao Vizcaya Argentaria |
| Société Générale | Banco Santander |
| Deutsche Bank | CECABANK |
| DZ Bank | CaixaBank S.A. |
| Barclays |
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Frequently asked questions
3-Month Euribor: Frequently used as a benchmark for short-term corporate loans and some variable-rate mortgages. It reacts more quickly to European Central Bank (ECB) policy changes.
6-Month Euribor: A very common benchmark for variable-rate mortgages across Europe. It balances responsiveness to current market conditions with a slightly more stable payment schedule than the 3-month rate.
12-Month Euribor: Also widely used for mortgages, meaning your interest rate and payments are adjusted only once a year. It tends to reflect the market's expectations for interest rates over the upcoming year.
Euribor is a benchmark interest rate based on banks’ borrowing costs. It is published for five periods: one week, one month, three months, six months and 12 months.
Euribor is often used to calculate the interest rate of mortgages (variable and mixed mortgages). This keeps the interest rate transparent and fair.
No, the European Central Bank (ECB) does not set the Euribor. Euribor (Euro Interbank Offered Rate) is calculated daily by the European Money Markets Institute (EMMI) based on the average interest rates at which a panel of large European banks lend funds to one another.
When the Euribor (Euro Interbank Offered Rate) drops below zero, it means banks are paying each other to borrow money. For consumers, this situation usually results in the activation of a "zero floor" clause in loan contracts, while savers may face extra fees on large deposits.
Euribor rates are published on every business day (TARGET2 day) at or shortly after 11:00 a.m. Central European Time (CET).