The three-month Euribor rate rose today to 2.010%, remaining below the six-month (2.113%) and 12-month (2.164%) rates.
The six-month Euribor rate, which became the most utilized in Portugal in January 2024 for variable-rate housing loans, increased today, fixing at 2.113%, up by 0.003 points from Thursday.
Data from the Bank of Portugal (BdP) for August showed that the six-month Euribor accounted for 38.13% of the outstanding stock of loans for permanent home ownership with variable interest rates.
The same data indicated that the 12-month and three-month Euribor rates represented 31.95% and 25.45%, respectively.
The 12-month Euribor rate fell, settling at 2.164%, down by 0.002 points from the previous session.
The three-month Euribor increased to 2.010%, up by 0.006 points from Thursday.
In September, monthly averages for Euribor rose again across all three terms, with the most significant increase in the 12-month rate.
The average three-month Euribor rose by 0.006 points to 2.027%, and the six-month Euribor increased by 0.018 points to 2.102% in September.
Meanwhile, the 12-month Euribor average saw a more marked increase in September, rising by 0.058 points to 2.172%.
On September 11, the European Central Bank (ECB) maintained the key interest rates for the second consecutive monetary policy meeting, as anticipated by the markets and following eight rate cuts since the entity began this cycle of reductions in June 2024.
The next ECB monetary policy meeting is scheduled for October 29 and 30 in Florence, Italy.
The Euribor rates are set by averaging the rates at which a panel of 19 eurozone banks are willing to lend money to each other in the interbank market.
