The Euribor rate rose today to three months and fell to six and 12 months compared to Friday.
With today’s changes, the three-month rate, which increased to 2.059%, remained below the six-month (2.120%) and 12-month (2.209%) rates.
The six-month Euribor rate, which in January 2024 became the most used in Portugal in housing loans with variable rates, fell today, being set at 2.120%, 0.003 points less than on Friday.
Data from the Bank of Portugal (BdP) for September indicate that the six-month Euribor represented 38.3% of the stock of loans for permanent home ownership with variable rates.
The same data indicates that the 12- and three-month Euribor represented 31.87% and 25.33%, respectively.
Within 12 months, the Euribor rate also fell, being set at 2.209%, minus 0.011 points.
Conversely, the three-month Euribor rose today to 2.059%, 0.012 points more than on Friday.
In relation to the monthly Euribor average in October, it rose again in the three maturities, but more sharply over 12 months.
The Euribor average in October rose 0.007 points to 2.034% for three months and 0.005 points for 2.107% for six months.
Over 12 months, the Euribor average increased more sharply in October, namely 0.015 points to 2.187%.
On October 30, the European Central Bank (ECB) maintained key rates, for the third consecutive monetary policy meeting, as had been anticipated by the market and after eight reductions in them since the entity began this cycle of cuts in June 2024.
The president of the ECB, Christine Lagarde, considered at the end of the meeting on October 30, in Florence, that the entity is “in a good position” from the point of view of monetary policy, but stressed that it is not a fixed place.
The ECB’s next monetary policy meeting takes place on December 17th and 18th in Frankfurt.
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.