A three-month rate increased by 0.002 points to 2.078%, compared to 2.076% the previous day, remaining below the six-month rate (2.103%) and the 12-month rate (2.191%).
The six-month Euribor rate, which became the most used in Portugal for variable-rate housing loans last January, rose 0.004 points today, reaching 2.103%, against 2.099% in the previous session.
The 12-month Euribor rate, on the other hand, decreased by 0.001 points from Wednesday, standing at 2.190%.
According to July data from the Bank of Portugal (BdP), the six-month Euribor accounted for 37.96% of the stock of home loans for primary residence with a variable rate.
The same data indicates that the 12-month and three-month Euribor accumulated 32.09% and 25.51%, respectively.
In August, the average for the three-month Euribor was 2.021%, for the six-month it was 2.084%, and for the 12-month it was 2.114%, compared to 1.986%, 2.055%, and 2.079% in July, respectively.
During its last monetary policy meeting on July 24, the European Central Bank (ECB) held the benchmark rates steady, as anticipated by the markets, following eight reductions since the entity began this cycle of cuts in June 2024.
While some analysts predict the benchmark rates will remain unchanged at least until the end of this year, others foresee a new cut of 25 basis points in September.
The next ECB monetary policy meeting is scheduled for September 10 and 11 in Frankfurt.
The Euribor rates are determined by the average rates at which a consortium of 19 Eurozone banks is willing to lend money to each other in the interbank market.
