With today’s changes, the three-month Euribor rate rose to 2.072%, remaining below the six-month (2.104%) and 12-month (2.159%) rates.
The six-month Euribor rate, which became the most used in Portugal for variable-rate housing loans in January 2024, increased today, being set at 2.104%, up by 0.005 points compared to Thursday.
Data from the Bank of Portugal for August indicates that the six-month Euribor represented 38.13% of the portfolio of loans for permanent residential housing with a variable rate.
The same data shows that the 12-month and three-month Euribor represented 31.95% and 25.45%, respectively.
Over 12 months, the Euribor rate also rose, being set at 2.159%, up by 0.003 points from the previous session.
Similarly, the three-month Euribor increased to 2.072%, up by 0.007 points from Thursday.
In September, the monthly averages of the Euribor rose again across all three terms, more notably at 12 months.
The average Euribor in September increased by 0.006 points to 2.027% for three months and by 0.018 points to 2.102% for six months.
At 12 months, the average Euribor rose more markedly in September, specifically by 0.058 points to 2.172%.
On September 11, the European Central Bank (ECB) maintained its key interest rates for the second consecutive monetary policy meeting, as anticipated by the markets, following eight consecutive reductions since the entity began this cycle of cuts in June 2024.
The next ECB monetary policy meeting is scheduled for October 29-30 in Florence, Italy.
The Euribor rates are set by the average rates at which a panel of 19 eurozone banks are willing to lend to each other in the interbank market.
