The monthly average for August 2026 closed at 2.95%, marking the second consecutive monthly increase. During this period, the daily rate exceeded the 3% threshold for the first time in nearly two years, reflecting a shift in the current lending market.
This rise follows a Eurozone inflation rate of 2.9% in July 2026, which remains above the 's 2% medium-term target. Headed by , the ECB has scheduled its next meeting for 10 December 2026 to address these economic trends.
Homeowners with a 150,000 euro mortgage and one-point spread face an 810 euro annual increase. Those with 300,000 euro loans will see monthly payments rise by 135 euros, as noted by experts from HelpMyCash, Roams, and Fotocasa regarding the impact on borrowers.