The Euribor rate rose today at three months and fell at 12 months compared to Friday, remaining unchanged at the intermediate term.
Today’s changes saw the three-month rate increase to 2.028%, keeping it below the six-month (2.111%) and 12-month (2.084%) rates.
The six-month Euribor rate, which became the most used in Portugal for variable-rate housing loans in January 2024, remained stable at Friday’s 2.111%.
For the 12-month term, the Euribor rate decreased, being set at 2.084%, down from the previous session’s 2.092%.
Meanwhile, the three-month Euribor rose to 2.028%, compared to Friday’s 2.026%, marking its eighth consecutive session above 2%.
Data from the Banco de Portugal (BdP) for June indicates that the six-month Euribor accounted for 37.74% of the stock of loans for permanent own housing with a variable rate.
The same data shows that the 12-month and three-month Euribor represented 32.28% and 25.58%, respectively.
In the last monetary policy meeting on July 24, the European Central Bank (ECB) kept the key interest rates unchanged, as anticipated by the markets, following eight reductions since the entity began this cycle of cuts in June 2024.
While some analysts expect the key interest rates to remain unchanged at least until the end of the year, others predict a new cut of 25 basis points in September.
The next ECB monetary policy meeting is scheduled for September 10-11 in Frankfurt.
