The Euribor closes June at 4.007%, the highest since 2008, and experts foresee more increases

  • The behavior of the Euribor is in line with the monetary policy that the European Central Bank (ECB) has been undertaking since the middle of last year

  • This new increase in the indicator adds more pressure to those with mortgages, who will see how their credit installments become more expensive again by more than 300 euros per month

  • Looking ahead to the coming months, they see more than likely that the Euribor will continue to rise, given that the ECB will raise its rates again in July, they forecast.

The twelve-month Euribor, the most widely used indicator in Spain to calculate variable mortgages, closed June at a highest since November 2008, with an average rate of 4.007%, a level that will continue to rise in the coming months, according to experts.

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