Six-month Euribor rises to 2.639%
The six-month Euribor rate, which affects the majority of housing loans in Estonia, has risen since the start of 2026 and reached 2.639% by the end of the week.
The six-month Euribor interbank rate, used for the vast majority of housing loans issued in Estonia, has been increasing since the beginning of 2026 and hit 2.639% at the end of the week.
According to Swedbank's chief economist Tõnu Mertsina, the rise in Euribor over the last month and a half has largely been driven by market expectations that the European Central Bank (ECB) will raise its key interest rate twice this year. The first such increase of 0.25 percentage points was decided by the ECB this week.
Current financial market expectations suggest the six-month Euribor could rise to approximately 3% by the end of the year.
Banks report that the increase in Euribor has not reduced mortgage lending activity, and borrowers' interest in fixing interest rates remains low.
