The Euribor rates rose to three, six and 12 months, and within six months they exceeded the maximum previously verified on July 22 of this year.
The six-month Euribor interest rate, the most used in Portugal for housing loans and which entered positive territory on June 6, rose this Monday, at 0.729%, 0.051 points more than on Friday, compared to the maximum since August 2012, of 0.706%, which was also registered on July 22 of this year.
The six-month Euribor went from 0.162% in June to 0.466% in July.
The six-month Euribor was negative for six years and seven months (between November 6, 2015 and June 3, 2022).
The three-month Euribor, which entered positive territory on July 14 for the first time since April 2015, advanced this Monday, standing at 0.301%, plus 0.024 points and a new maximum since July 2014.
The three-month Euribor was negative between April 21, 2015 and July 13, 2015 (seven years and two months).
THE The three-month Euribor went from -0.239% in June to 0.037% in July.
Within 12 months, the Euribor also rose this Monday, when it was set at 1.110%, plus 0.087 points, compared to the maximum since August 2012, of 1.200% and also registered on July 22.
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.
The average 12-month Euribor went from 0.852% in June to 0.992% in July.
The Euribor began to increase more significantly from February 4after the European Central Bank (ECB) admitted that it could raise key interest rates this year due to rising inflation in the eurozone and the trend was reinforced by the start of the Russian invasion of Ukraine on February 24.
At the monetary policy meeting held on July 21, the ECB raised all three official interest rates by 50 basis points, the first increase in 11 years, with the aim of curbing inflation.
The ECB also indicated that in the next meetings it will continue to raise interest rates.
The evolution of the Euribor interest rates is closely linked to the increases or decreases in the official interest rates of the ECB.
The Euribor at three, six and 12 months registered 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
