The Euribor rates rose this Tuesday to three, at six and 12 months from Monday, the shortest time frame to a new high since February 2009.
The six-month Euribor interest rate, the most widely used in Portugal for housing loans and which entered positive territory on June 6, rose that day to 2.338%, plus 0.011 points, against the highest since January 2009of 2.342%, verified on November 18.
The six-month Euribor went from 1.596% in September to 1.997% in October.
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 on July 14 in positive territory for the first time since April 2015it was also up today as it closed at 1.863%, plus 0.046 points, a new high since February 2009.
The three-month Euribor was negative between April 21, 2015 and July 13 (seven years and two months).
The three-month Euribor went from 1.011% in September to 1.428% in October.
In the same sense, in a 12-month period, the Euribor advanced on this day, settling at 2.847%, 0.012 points more than on Monday, compared to 2.874% on November 9, a new maximum since January 2009.
After having skyrocketed on April 12 to 0.005%, for the first time positive since February 5, 2016The 12-month Euribor has been in positive territory since April 21.
The 12-month Euribor went from 2.233% in September to 2.629% in October.
The Euribor began to rise more significantly since February 4, after the European Central Bank (ECB) admitted that it could raise official interest rates this year due to rising inflation in the eurozone and the trend was reinforced with the start of the Russian invasion of the Ukraine on February 24. On October 27, with the aim of curbing inflation, the ECB raised the three main interest rates by 75 basis points, the third consecutive rise this year, after raising all three interest rates by 50 basis points on July 21. , the first increase in 11 years, and on September 8 at 75 basis points.
The evolution of the Euribor interest rates is closely linked to the rises or falls of the official ECB interest rates.
The three, six and 12-month Euribor interest rates registered historical lows, respectively, -0.605% on December 14, 2021, -0.554% and -0.518% on December 20, 2021.
Euribor rates are set at the average rate at which a group of 57 eurozone banks are willing to lend money to each other on the interbank market.
Source: Observadora
