The rise in raw material prices, originating from Gulf countries due to the blockade of the Strait of Hormuz, will change monetary policy this year. In the eurozone, Euribor is already rising, and Trump's desire for low interest rates may be frustrated. The ECB and the Fed meet this week for the first time since the war against Iran.
ECB may raise interest rates in the summer under pressure from the war in the Middle East
Monday, 16 March 2026RSS
Context & Explainers
Euribor (Euro Interbank Offered Rate) is the benchmark interest rate at which European banks lend to one another and is widely used as the reference for variable‑rate mortgages in Portugal. Changes affect monthly payments directly: the recent figures reported were 2.034% (3‑month), 2.104% (6‑month) and 2.255% (12‑month), so a rising Euribor typically increases costs for borrowers with tracker or variable loans.
