The six-month Euribor rates fell today, while the three-month rates remained unchanged, and the 12-month rates rose compared to Tuesday.
The six-month Euribor rate, which became the most used in Portugal for variable-rate mortgage loans since January last year, dropped again today, decreasing by 0.016 points to 2.093%, compared to 2.109% on Tuesday.
The three-month rate stayed stable at 2.034%, remaining below the six and 12-month Euribor rates.
Conversely, the 12-month Euribor rose by 0.003 points to 2.084%, from 2.081% the previous day.
Data from the Bank of Portugal (BdP) for June indicate that the six-month Euribor accounted for 37.74% of the stock of loans for primary home ownership with a variable interest rate.
The same data show that the 12-month and three-month Euribor accounted for 32.28% and 25.58%, respectively.
At the last monetary policy meeting on July 24, the European Central Bank (ECB) kept the key interest rates unchanged, as anticipated by the markets, following eight reductions in interest rates since the start of this cycle in June 2024.
While some analysts predict that the key interest rates will remain unchanged until at least 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.
