The Euribor rates rose today for terms of three, six, and twelve months compared to Monday.
Following today’s changes, the three-month rate increased to 2.038%, remaining below the six-month (2.110%) and twelve-month (2.157%) rates.
The six-month Euribor rate, which became the most used in Portugal for variable-rate housing loans starting January 2024, rose today, reaching 2.110%, an increase of 0.010 points from Monday.
Data from the Bank of Portugal (BdP) for August show that the six-month Euribor accounted for 38.13% of the stock of loans for permanent residential properties with variable rates.
The same data indicate that the twelve- and three-month Euribors represented 31.95% and 25.45%, respectively.
In the twelve-month term, the Euribor rate also climbed, reaching 2.157%, an increase of 0.018 points from the previous session.
Similarly, the three-month Euribor rate advanced to 2.038%, rising 0.023 points from Monday.
In September, the monthly averages of Euribor rates increased again across all three terms, with a more pronounced rise in the twelve-month rate.
The average Euribor rate in September increased by 0.006 points to 2.027% for three months and 0.018 points to 2.102% for six months.
For twelve months, the Euribor average rose more significantly in September, increasing by 0.058 points to 2.172%.
On September 11, the European Central Bank (ECB) maintained the key rates for the second consecutive monetary policy meeting, as anticipated by markets and after eight reductions since the entity began this cycle of cuts in June 2024.
The next ECB monetary policy meeting is scheduled for October 29 and 30 in Florence, Italy.
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.
