The Euribor rate rose today to three months and fell to six and 12 months compared to Friday.
With the changes made this Monday, October 20th, the three-month rate, which increased to 2.015%, remained below the six-month (2.100%) and 12-month (2.139%) rates.
The six-month Euribor rate, which became the most used in Portugal in housing loans with variable rates in January 2024, fell today, being set at 2.100%, 0.013 points less than on Friday.
Data from the Bank of Portugal (BdP) for August indicate that the six-month Euribor represented 38.13% of the stock of loans for permanent home ownership with variable rates.
The same data indicates that the 12- and three-month Euribor represented 31.95% and 25.45%, respectively.
Within 12 months, the Euribor rate also fell, being set at 2.139%, 0.025 points less than in the previous session.
Conversely, the three-month Euribor rose to 2.015%, 0.003 points more than on Friday.
In September, the monthly Euribor averages rose again in the three maturities, but more sharply at 12 months.
The Euribor average in September rose 0.006 points to 2.027% for three months and 0.018 points for 2.102% for six months.
Over 12 months, the Euribor average increased more sharply in September, namely 0.058 points to 2.172%.
On September 11, the European Central Bank (ECB) maintained key rates, for the second consecutive monetary policy meeting, as anticipated by the markets and after eight reductions in them since the entity began this cycle of cuts in June 2024.
The ECB’s next monetary policy meeting takes place on 29 and 30 October in Florence, Italy.
Euribor is set by the average of the rates at which a group of 19 banks in the euro zone are willing to lend money to each other in the interbank market.