Euribor decreases to three months and increases to six and 12 months – markets in a minute

The Euribor rate decreases at three months and increases at six and 12 months

a Today, Euribor decreased to three months and rose to six and 12 months Compared to Friday, it remained less than 4% in the three periods.

With today's changes, Three-month Euribor, which fell to 3.932%was higher than the six-month rate (3.915%) and the 12-month rate (3.670%).

The 12-month Euribor rate, currently the most widely used in Portugal for variable-rate housing loans and which was above 4% between June 16 and November 28, rose today to 3.670%, 0.022 points higher than on Friday, after rising on September 29. To 4.228%, the new maximum since November 2008.

According to Bank of Portugal (BdP) data for November 2023, the 12-month Euribor represents 37.4% of the loan stock for permanent home ownership with variable interest rates. The same data indicate that the six- and three-month Euribor represents 36.1% and 23.9%, respectively.

Within six months, the Euribor rate, which was higher than 4% between September 14 and December 1, also rose today to 3.915%, 0.020 points higher than in the previous session, against the maximum since November 2008, of 4.143%, recorded On October 18th.

On the contrary, the three-month Eurobor rate fell today compared to the previous session, being set at 3.932%, minus 0.001 point, after rising on October 19 to 4.002%, the new maximum since November 2008.

The average Euribor in January fell again across the three maturities, but less sharply than in December, having fallen by 0.010 points to 3.925% in three months (compared to 3.935% in January), and 0.035 points to 3.892% in six months (compared to 3.927). %) and 0.070 points to 3.609% at 12 months (compared to 3.679%).

In December, the average Euribor fell 0.037 points to 3.935% for three months (compared to 3.972% in November), 0.138 points to 3.927% for six months (compared to 4.065%) and 0.343 points to 3.679% for 12 months. Months (compared to 12 months). 4.022%).

At its last monetary policy meeting, on 25 January, the ECB maintained benchmark interest rates for the third meeting in a row, after ten increases since 21 July 2022.

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