The three-month Euribor rate was set today at 2.036%, higher than Wednesday’s 2.014%.
The 12-month Euribor rate also increased today, reaching 2.109% compared to Wednesday’s 2.099%.
Meanwhile, the six-month Euribor rate decreased to 2.050%, down from the previous 2.061%.
With today’s changes, the three-month rate (2.036%) remained below the six-month (2.050%) and 12-month rates (2.109%).
In May, the average monthly Euribor rates fell again across all three terms, though less sharply than in previous months, with a more pronounced drop in the shorter three-month term.
At its last monetary policy meeting on June 4 and 5 in Frankfurt, the European Central Bank (ECB) lowered interest rates by 0.25 basis points, bringing the main refinancing rate down to 2%.
This reduction marked the eighth since the ECB began this cycle of cuts in June 2024, which analysts believe will be the last for this year.
The next ECB monetary policy meeting is scheduled for July 23 and 24 in Frankfurt.
The Euribor rates are determined by the average interest rates at which a consortium of 19 eurozone banks agree to lend money to each other on the interbank market.
Data from the Bank of Portugal (BdP) for April indicates that the six-month Euribor accounted for 37.61% of the stock of loans for permanent home purchases at variable rates. The 12-month and three-month Euribor accounted for 32.46% and 25.60% of the same stock, respectively.
