Money market — Euro area
Euribor 3-Month Rate
Euribor 3-month (monthly average)
—- Current
- 2.18%
- Previous month
- —
- Last updated
- Apr 2026
Source: ECB Data Portal (Euribor 3-month, monthly average)
Context
What is the 3-month Euribor?
Euribor (Euro Interbank Offered Rate) is the average interest rate at which a large panel of European banks lend to each other in the euro interbank market. The 3-month Euribor is the most widely referenced tenor and forms the basis for a large share of variable-rate mortgages, consumer loans, and corporate credit facilities across the euro area.
Euribor is published each TARGET business day by the European Money Markets Institute (EMMI). The monthly average shown here is the mean of all daily fixings published during the month. The 3-month Euribor typically tracks the ECB deposit facility rate closely, with a small spread reflecting bank credit risk and liquidity conditions.
When the ECB raises its key rates, Euribor tends to follow with a short lag. Homeowners with variable-rate mortgages — particularly in Spain, Portugal, and Finland — see their monthly payments adjust when their loan resets against the current Euribor fixing.
Trend
Historical trend
Full-history monthly 3-month Euribor average. Negative values from 2015 to 2022 reflected the ECB’s negative deposit rate policy. The rate returned to positive territory in July 2022 as the ECB began its hiking cycle.
Source: ECB Data Portal (Euribor 3-month, monthly average)
Source
Source
Data is the 3-month Euribor monthly average retrieved from the ECB Data Portal at series FM.M.U2.EUR.RT.MM.EURIBOR3MD_.HSTA. The ECB publishes monthly historical fixings; daily Euribor is published by EMMI.
This page refetches the latest data each weekday.
Questions
Frequently asked questions
What is the current 3-month Euribor rate?
The current 3-month Euribor monthly average is shown in the stat panel at the top of this page.
How does Euribor affect mortgage payments?
Many variable-rate mortgages in the euro area — especially in Spain, Portugal, Italy, and Finland — are priced as Euribor plus a fixed margin (e.g. Euribor 3M + 1%). When Euribor rises, monthly payments increase at the next reset date; when it falls, payments decrease.
How closely does Euribor follow the ECB rate?
3-month Euribor typically tracks the ECB deposit facility rate with a spread of 5–15 basis points. The spread can widen during periods of market stress when banks demand higher compensation for lending to each other.
Related
Related charts
See the 12-month Euribor rate and the ECB key rate on the Econstats.eu home page.