The Euribor rates increased today for the three, six, and 12-month terms compared to the previous session.
The three-month rate rose 0.013 points to 2.074%, compared to 2.061% on Friday, although it remains below the six-month (2.086%) and 12-month (2.148%) rates.
The six-month Euribor, which in January last year became the most used in Portugal for variable-rate home loans, increased today by 0.012 points to 2.086%, compared to 2.074% in the previous session.
Data from the Banco de Portugal (BdP) for June indicate that the six-month Euribor represented 37.74% of the stock of mortgage loans for permanent own habitation with a variable rate.
The same data indicate that the 12-month and three-month Euribor represented 32.28% and 25.58%, respectively.
The 12-month Euribor followed the trend and rose 0.029 points to 2.148%, compared to 2.119%.
At the last monetary policy meeting on July 24, the European Central Bank (ECB) maintained the key rates, as anticipated by the markets and after eight reductions since the entity began this cycle of cuts in June 2024.
While some analysts anticipate maintaining the key rates at least until the end of this year, others predict a new cut of 25 basis points in September.
The next ECB monetary policy meeting will be held on September 10 and 11 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 on the interbank market.
