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.
Losa
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
