The three-month Euribor rate increased by 0.001 points to 2.076%, compared to 2.075% on the previous day, remaining below the six-month rate (2.099%) and the 12-month rate (2.191%).
The six-month Euribor rate, which last year became the most common in Portugal for variable-rate home loans, rose today by 0.010 points to 2.099%, against 2.089% in the previous session.
For the 12-month Euribor, the increase from Monday was 0.029 points, reaching 2.191%.
Data from the Bank of Portugal (BdP) for June shows that the six-month Euribor accounted for 37.74% of the balance of loans for permanent home ownership with a variable rate.
The same data indicates that the 12-month and three-month Euribor accounted for 32.28% and 25.58%, respectively.
In August, the average rates for the three-month, six-month, and 12-month Euribor were 2.021%, 2.084%, and 2.114%, respectively, compared to 1.986%, 2.055%, and 2.079% in July.
At the last monetary policy meeting on July 24, the European Central Bank (ECB) kept key rates unchanged as expected by the markets, following eight cuts since the entity began this cycle of reductions in June 2024.
While some analysts expect the key rates to remain unchanged at least until the end of the year, others foresee a new cut of 25 basis points in September.
The next ECB monetary policy meeting is scheduled for September 10 and 11 in Frankfurt.
The Euribor rates are set by the average rates at which a group of 19 banks in the eurozone are willing to lend money to each other in the interbank market.
