The three-month Euribor rate rose by 0.014 points to 2.061%, compared to 2.047% on Thursday, yet it remains below the six-month (2.074%) and 12-month (2.119%) rates.
The six-month Euribor rate, which became the most used in Portugal for variable-rate housing loans last January, increased by 0.005 points to 2.074%, up from 2.069% the previous day.
Data from Banco de Portugal (BdP) for June indicates that the six-month Euribor represented 37.74% of the variable-rate permanent housing loans stock.
The same data shows the 12 and three-month Euribor represented 32.28% and 25.58%, respectively.
The 12-month Euribor followed the trend, rising by 0.004 points to 2.119%, compared to 2.115%.
At the last monetary policy meeting on July 24, the European Central Bank (ECB) kept the key rates unchanged, as anticipated by the markets, following eight reductions since the start of this cycle of cuts in June 2024.
While some analysts foresee maintaining the key rates at least until the end of this year, others predict a new cut of 25 basis points in September.
The next ECB monetary policy meeting is set for September 10 and 11 in Frankfurt.
On August 28, it was revealed that all members of the ECB Council supported maintaining the interest rates in the eurozone at 2% at the end of July, according to the meeting minutes.
In July, the monthly averages of the Euribor reversed the trend of recent months, rising slightly at the shorter terms, but more sharply at six months.
The average July Euribor rose by 0.002 points to 1.986% for three months and 0.005 points to 2.055% for six months.
At 12 months, after remaining steady in June, the average Euribor slightly decreased by 0.002 points to 2.079% in July.
The Euribor rates are set by the average rates at which a group of 19 eurozone banks are willing to lend money to each other on the interbank market.
