The six-month Euribor, the most used in Portugal in mortgage loans, increased this Monday, showing rises a week ago, and maturities at 12 and three months also advanced. At six months, the Euribor grows 0.025 points and stands at 0.108%.
The six-month Euribor entered positive territory on Monday of last week, after six years and seven months in negative (between November 6, 2015 and June 3, 2022). For its part, the 12-month Euribor rose to 0.792%, 0.112 points more than on Friday.
After shooting up to 0.005% on April 12, positive for the first time since February 5, 2016, the 12-month Euribor has been in positive territory since April 21. In three months, the Euribor rose 0.017 points to -0.281%.
The evolution of the Euribor interest rates is closely linked to the increases or decreases in the reference interest rates of the European Central Bank (ECB).
The three, six and twelve month Euribor interest rates entered negative territory on April 21, 2015, November 6, 2015 and February 5, 2016, respectively.
The Euribor at three, six and 12 months recorded its lowest level, respectively, of -0.605% on December 14, 2021, -0.554% and -0.518% on December 20, 2021.
The Euribor is set by the average of the rates at which a group of 57 banks in the eurozone are willing to lend money to each other in the interbank market.
Source: Observadora
