Current changes have led the three-month Euribor rate to reach 2.032%, remaining below the six-month (2.096%) and 12-month (2.193%) rates.
In September, the monthly averages for Euribor increased across all three durations, with the most significant rise occurring in the 12-month term.
The average three-month Euribor in September increased by 0.006 points, reaching 2.027%, while the six-month average climbed 0.018 points to 2.102%.
Conversely, the 12-month Euribor saw a sharper uptick, rising by 0.058 points to 2.172% in September.
The six-month Euribor, which became the most widely used in Portugal for variable-rate housing loans in January 2024, decreased today to 2.096%, down 0.013 points from Monday.
Data from Banco de Portugal (BdP) for July show that the six-month Euribor represented 37.96% of variable-rate housing loan stock.
These same figures state that the 12-month and three-month Euribor accounted for 32.09% and 25.51%, respectively.
The 12-month Euribor advanced today, reaching 2.193%, up 0.004 points from the previous session.
The three-month Euribor also rose, hitting 2.032%, an increase of 0.016 points from Monday.
On September 11, the European Central Bank (ECB) maintained its key interest rates for the second consecutive monetary policy meeting, as anticipated by the markets, following eight reductions since the start of this cutting cycle in June 2024.
The next ECB monetary policy meeting is scheduled for October 29-30 in Florence, Italy.
Euribor rates are determined by the average interest rates at which a panel of 19 eurozone banks are willing to lend to each other on the interbank market.
