The Euribor rate climbed today for three and six months but remained unchanged for 12 months in comparison to Thursday.
With today’s changes, the three-month rate has risen to 2.000%, staying below the six-month (2.123%) and 12-month (2.179%) rates.
The six-month Euribor rate, which became the most used in Portugal for floating-rate housing loans as of January 2024, advanced today to 2.123%, an increase of 0.014 points from Thursday.
Data from Banco de Portugal (BdP) for July show that the six-month Euribor accounted for 37.96% of the stock of loans for permanent own housing with a variable rate.
The same data indicate that the 12 and three-month Euribors accounted for 32.09% and 25.51%, respectively.
The 12-month Euribor rate remained unchanged, once again set at 2.179%, the same as Thursday.
The three-month Euribor rose to 2.000%, up by 0.020 points compared to Thursday.
On September 11, the European Central Bank (ECB) maintained the key interest rates for the second consecutive monetary policy meeting, as anticipated by markets, after eight reductions since the cycle of cuts began in June 2024.
The ECB’s next monetary policy meeting is scheduled for October 29 and 30 in Florence, Italy.
In August, average monthly Euribor rates rose across all three maturity terms, most notably in the three-month term.
The three-month Euribor average increased by 0.075 points to 2.021% in August, and the six-month average rose by 0.029 points to 2.084%.
The 12-month Euribor average also rose in August, specifically by 0.035 points to 2.114%.
The Euribor rates are determined by the average rates at which a group of 19 eurozone banks are willing to lend money to each other in the interbank market.
