The Euribor rate for three months rose to 2.016% today, remaining below the six-month rate at 2.109% and the 12-month rate at 2.189%.
The six-month Euribor rate, primarily used since January 2024 in Portugal for variable-rate housing loans, decreased today to 2.109%, dropping 0.014 points from Friday.
Data from the Bank of Portugal for July shows that the six-month Euribor accounted for 37.96% of the stock of loans for permanent housing with a variable rate.
The same data indicates that the 12-month and three-month Euribor accounted for 32.09% and 25.51%, respectively.
The 12-month Euribor rate increased to 2.189%, 0.010 points higher than the previous session.
The three-month Euribor rate also rose to 2.016%, up 0.016 points from Friday.
On September 11, the European Central Bank (ECB) maintained its key rates for the second consecutive monetary policy meeting, as anticipated by markets, following eight reductions since starting this cycle in June 2024.
The next ECB monetary policy meeting will be held on October 29 and 30 in Florence, Italy.
In August, monthly averages for Euribor rates rose across all terms, with the three-month rate experiencing the most significant increase.
The three-month Euribor average increased by 0.075 points to 2.021% in August, while the six-month average rose by 0.029 points to 2.084%.
The 12-month Euribor average advanced by 0.035 points to 2.114% in August.
The Euribor rates are determined by the average rates at which a group of 19 Eurozone banks are willing to lend money to each other in the interbank market.
