EURIBOR forward curve

MacroVar analyses the EURIBOR forward curve to monitor the market’s expectations for the ECB’s monetary policy actions (rate hikes/cuts) and its effects on financial markets and the Eurozone economic outlook.

Currently the Euribor forward curve shows a peak of interest rates in the fourth quarter of 2023, and a steady reduction in ECB rates.

Explore how to interpret the EURIBOR forward curve dynamics. Sign up using the form on the right to access MacroVar’s analytics, research and data of the Euribor Forward curve and all major financial markets and economies.

MacroVar presents below the market’s future expectations of interest rates in the eurozone represented by the 3 month Euribor futures and 1 month Eonia futures. The chart also presents the current ECB rate, German 2-year bond yield which can be used as a short-term gauge of ECB monetary policy actions and the German10-year bond yield which is used as a gauge of the market expectations on the Eurozone’s long-term inflation and economic outlook.

EURIBOR forward curve prediction

EURIBOR forward curve

What is the EURIBOR forward curve

The EURIBOR forward curve is a graphical representation of the market clearing forward rates for EURIBOR. EURIBOR forward curve is derived from data of EURIBOR swap rates. These forward curves are used to price EURIBOR-based derivatives.

The EURIBOR forward curve represents the market’s expectation of future interest rates. It represents the market’s net position between fixing and floating for various terms.