The Euribor rate rose today at six and 12 months compared to Friday and remained unchanged in the shorter term.
With today’s changes, the three-month rate, which remained at 2.060%, remained below the six-month (2.123%) and 12-month (2.227%) rates.
The six-month Euribor rate, which became the most used in Portugal in housing loans with variable rates in January 2024, rose today by 0.013 points compared to Friday, to 2.123%.
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.
Today, within 12 months, the Euribor rate also rose, being set at 2.227%, 0.018 points more than in the previous session.
The three-month Euribor remained unchanged at 2.060%.
November ended with the monthly Euribor average rising again in the three maturities, but more sharply than in the previous month and in the longer maturities.
The Euribor average in November rose 0.008 points to 2.042% over three months. In six and 12 months, Euribor advanced 0.0024 points to 2.131% and 0.030 points to 2.217%.
The ECB’s next monetary policy meeting takes place on December 17th and 18th in Frankfurt.
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.
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.