Current adjustments show the three-month Euribor rate increased to 2.029%, remaining below the six-month (2.106%) and 12-month (2.223%) rates.
The six-month Euribor rate, which became the most used in Portugal for variable-rate housing loans in January 2024, increased today by 0.003 percentage points from Monday, reaching 2.106%.
Data from the Bank of Portugal (BdP) for August indicates that the six-month Euribor accounted for 38.13% of the stock of loans for primary residence with a variable rate.
The data also shows that the 12-month and three-month Euribor accounted for 31.95% and 25.45%, respectively.
For the 12-month term, the Euribor rate decreased, reaching 2.223%, down 0.003 percentage points from the previous session.
The three-month Euribor increased to 2.029%, up 0.003 percentage points from Monday.
In September, monthly averages of the Euribor rose again across all terms, with a more marked increase at 12 months.
The three-month Euribor average in September rose by 0.006 points to 2.027%, and the six-month increased by 0.018 points to 2.102%.
At 12 months, the Euribor average advanced more sharply in September, specifically by 0.058 points to 2.172%.
On September 11, the European Central Bank (ECB) maintained its main rates for the second consecutive monetary policy meeting, as anticipated by the markets, following eight consecutive cuts since the beginning of this cycle in June 2024.
The ECB’s next monetary policy meeting is scheduled for October 29 and 30 in Florence, Italy.
The Euribor rates are set by the average interest rates at which a panel of 19 eurozone banks is willing to lend money to one another in the interbank market.
