The three-month Euribor rate has decreased to 2.138%, now standing above the six-month rate at 2.134% and the 12-month rate at 2.036% following today’s adjustments.
The six-month Euribor, largely adopted in Portugal since January 2024 for variable-rate housing loans, has fallen to 2.134%, down by 0.012 points.
Data from the Banco de Portugal (BdP) for March indicate that the six-month Euribor constituted 37.65% of the stock of loans for permanent own housing with a variable rate.
Similarly, the 12-month and three-month Euribor rates accounted for 32.39% and 25.67%, respectively.
In parallel, the 12-month Euribor rate dropped to 2.036%, a decrease of 0.003 points compared to Wednesday.
The three-month Euribor rate, which has remained below 2.5% since March 14, fell to 2.138% today, representing a decrease of 0.012 points and marking a new low since December 30, 2022.
In April, the monthly averages of the Euribor saw significant declines across all three terms, with the most marked decrease occurring in the 12-month term.
The average for the three, six, and 12-month Euribor in April fell by 0.193 points to 2.249% for three months, by 0.183 points to 2.202% for six months, and by 0.255 points to 2.143% for 12 months.
On April 17, during its last monetary policy meeting, the European Central Bank (ECB) lowered the benchmark interest rate by a quarter-point to 2.25%.
This reduction, foreseen by the markets, marks the seventh decrease since the ECB began this series of rate cuts in June 2024.
The next ECB monetary policy meeting is scheduled for June 5 and 6 in Frankfurt.
The Euribor rates are determined by the average interest rates at which a panel of 19 Eurozone banks are willing to lend money to each other in the interbank market.
