The Euribor rate rose this Thursday to three, six and 12 months compared to Wednesday, when it came down to new minimums since December, October and September 2022, respectively.
With the changes on Thursday the rate at three months, which advanced to 2.161%, was above the rate at six months (2.134%) and the rate at 12 months (2.069%).
The Euribor rate at six months, which spent in January 2024 to be the most used in Portugal in losation credits with variable rate, advanced this Thursday, being set at 2.134%, plus 0.030 points, against a new minimum since October 28, 2022 the day before.
Data from Banco de Portugal (BDP) for February indicate that Euribor at six months represented 37.52% of loan stocks for permanent housing with variable rate. The same data indicates that Euribor at 12 and three months represented 32.50% and 25.72%, respectively.
Within 12 months, the Euribor rate also rose, being set at 2.069%, more 0.047 points than on Wednesday, when it went down to a new minimum since September 9, 2022.
In the same vein, Euribor for three months, which has been below 2.5% since March 14, advanced this Thursday to 2.161%, plus 0.003 points, against a new minimum since December 20, 2022 on Wednesday.
On April 17, at the last monetary policy meeting, the European Central Bank (ECB) came down the director rate at a quarter of point to 2.25%, as anticipated by markets.
The descent was the seventh since the ECB began this cycle of cuts in June 2024.
The next ECB monetary policy meeting will be held on June 5 and 6 in Frankfurt.
In monthly terms, Euribor’s average in March again went down to three, six and 12 months, but less intensely than in the previous months.
The Euribor average at three, six and 12 months in March went down 0.083 points to 2.442% to three months, 0.075 points to 2.385% to six months and 0.009 points for 2.398% to 12 months.
Euribor are fixed by the average rates to which a set of 19 euro zone banks are willing to lend money to each other in the interbank market.
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