The changes today show that the three-month Euribor rate, which decreased to 2.000%, remained below the six-month (2.083%) and 12-month (2.224%) rates.
The six-month Euribor rate, which became the most used in Portugal for variable-rate housing loans from January 2024, increased slightly today, reaching 2.083%, up by 0.004 points from Wednesday.
Data from the Bank of Portugal for August indicates that the six-month Euribor represented 38.13% of the outstanding stock of variable-rate housing loans for permanent residential properties.
The same data shows that the 12-month and three-month Euribor rates accounted for 31.95% and 25.45%, respectively.
Over 12 months, the Euribor rate also rose, reaching 2.224%, an increase of 0.020 points from the previous session.
Conversely, the three-month Euribor rate dropped to 2.000%, down by 0.017 points from Wednesday.
In September, the monthly averages of the Euribor rose again across all three terms, with the most significant increase seen in the 12-month rate.
The September Euribor average increased by 0.006 points to 2.027% for three months and by 0.018 points to 2.102% for six months.
The 12-month Euribor average rose more sharply in September, specifically by 0.058 points to 2.172%.
On September 11, the European Central Bank (ECB) kept its key interest rates unchanged for the second consecutive monetary policy meeting, as anticipated by the markets, following eight cuts since the entity began this rate reduction cycle in June 2024.
The next ECB monetary policy meeting is scheduled for October 29 and 30 in Florence, Italy.
The Euribor rates are determined by the average interest rates at which a panel of 19 eurozone banks lend money to one another on the interbank market.
