The rise in interest rates will have a “non-negligible impact” in the disposable income of families and in the financial situation of companies – which is the expression used by the Bank of Portugal to recognize that the life of those who have bank loans (indexed to Euribor) will be even more difficult. However, the supervisor is confident that interest rates they will not reach the point where they will have the same weight that they had in the past, that is, at the maximum registered in 2008.
In the Economic Bulletin released this Thursday, the Banco de Portugal devalues the risks associated with the rise in Euribor next year, this if the upward expectations that are implicit in the recent trading of some market instruments (such as interest rate futures contracts and others) are confirmed. These complex instruments, for the time being, point to the fact that The Euribor could exceed 3% at the end of 2023 – although these are market prices always characterized by high volatility.
The Euribor rates fell this Thursday in terms of three, six and 12 months, continuing the trend of some stabilization in recent days after average rates soared in September. The most recent values for Euribor rates are 1.173% in three months, 1.762% in six months and 2.41% in 12 months.
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Source: Observadora
