The Eurybor rises to 2,565% after its highest monthly growth since October 2022
The rise in oil and gas prices caused by the war in the Middle East has brought uncertainty to the markets and fueled fears of inflation in central banks. As a result, the rate used to calculate variable mortgages has been upward.
The Eurybor, a bank index that serves as a reference for calculating interest on variable mortgages and other loans, has closed March at 2,565% , jumping above the February mark.
Last month it stood at 2.21%, bringing the monthly increase to 34.4 points, the highest since October 2022, when inflation from the Ukrainian war rose from 2.233% to 2.629%.
Taking into account the data for the month of March, themonthly share of the variable mortgage of 150,000 euros to 30 years to which the Euribor plus a differential of 0.99% applies will be more expensive 13.96 euros.
Thus, the evolution of this benchmark index shows greater instability following thedeterioration of inflation and growth forecasts due to the conflict in the Middle East by the European Central Bank (ECB) .
In June 2025, inflation control was achieved at the start of the war in Ukraine, and since then, the ECB has kept interest rates stable at 2%.
However, the rise in oil and gas prices in recent weeks as a result of the closure of the Strait of Hormuz has caused unrest . Experts fear a general price hike and it remains to be seen how central banks will act. A This Tuesday, for example, the Brent barrel has moved between $111 and $118, and the price of natural gas has stood at €52.33 per MWh.
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