APA ots news: ESMA and the Austrian Financial Market Authority welcome EURIBOR panel enlargement Wien (APA-ots) - On 29 September 2022, the European Money Markets Institute (EMMI), EURIBOR administrator
While increases in electricity and gas prices have been widely publicized, the European Interbank Offered Rate (Euribor) has also been steadily rising in recent months, a trend which may cause a significant increase in mortgage rates.
The decision of the European Central Bank to hike the base interest rate will also reflect in the Euribor on which most Estonian home loans are based. Real estate businessman Viljar Arakas said on the "Vikerhommik" radio program that money finally coming at a price will end the real estate prices rally without causing a crash this time.
After several years in the negative and steadily climbing from zero since June, the six-month Euribor, or Euro Interbank Offered Rate, reached 1.077 percent on Monday.