With the changes today, the three-month rate, which rose to 1.961%, remained below the six-month (2.051%) and 12-month rates (2.070%).
The six-month Euribor rate, which became the most used in Portugal in variable rate housing loans starting January 2024, increased today, reaching 2.051%, 0.002 points higher than on Monday.
Data from the Bank of Portugal (BdP) for April indicated that the six-month Euribor accounted for 37.61% of the stock of permanent housing loans with a variable rate.
The same data indicated that the 12-month and three-month Euribor represented 32.46% and 25.60%, respectively.
The three-month Euribor rate, below 2% since June 24, rose today to 1.961%, up by 0.017 points from Monday.
Conversely, the 12-month Euribor fell to 2.070%, 0.002 points lower than on Monday.
During the last monetary policy meeting on June 4 and 5 in Frankfurt, the European Central Bank (ECB) reduced interest rates by 0.25 basis points, lowering the main policy rate to 2%.
This reduction was the eighth since the ECB began this cycle of cuts in June 2024 and, according to analysts, is expected to be the last of the year.
The next ECB monetary policy meeting is scheduled for July 23 and 24 in Frankfurt.
The Euribor rates are set by the average rates at which a group of 19 eurozone banks are willing to lend money to each other in the interbank market.
