Current adjustments reveal that the three-month rate, which remains at 2.060%, is still lower than the six-month (2.123%) and 12-month rates (2.227%).

The six-month Euribor rate, which became the most used in Portugal for variable-rate mortgage loans in January 2024, increased today by 0.013 points from Friday, reaching 2.123%.

Data from the Bank of Portugal (BdP) related to September show that the six-month Euribor accounted for 38.3% of the stock of variable-rate residential mortgage loans.

The same data indicate that the 12-month and three-month Euribor rates represented 31.87% and 25.33%, respectively.

Today, the 12-month Euribor also rose, settling at 2.227%, marking an increase of 0.018 points compared to the previous session.

Meanwhile, the three-month Euribor remained unchanged at 2.060%.

November concluded with the average Euribor rate rising again across all three terms, more significantly than in the previous month, particularly for longer terms.

In November, the three-month Euribor average increased by 0.008 points to 2.042%, while the six and 12-month rates rose by 0.0024 points to 2.131% and 0.030 points to 2.217%, respectively.

The next ECB monetary policy meeting is scheduled for December 17-18 in Frankfurt.

On October 30, the European Central Bank (ECB) maintained its key interest rates for the third consecutive monetary policy meeting, as anticipated by the market following eight rate reductions since beginning the series of cuts in June 2024.

At the conclusion of the October 30 meeting in Florence, ECB President Christine Lagarde stated that the institution is “well-positioned” in terms of monetary policy, but emphasized that it is not in a fixed position.

The Euribor rates are determined by the average of the rates at which a panel of 19 eurozone banks is willing to lend money to each other on the interbank market.