The Euribor rates rose this Friday to new maximums since the beginning of 2009 at three and six months and fell to 12 months.
The six-month Euribor interest rate, the most used in Portugal for housing loans and which entered positive territory on June 6, rose this Friday to 2.374%, plus 0.006 points, the highest since January 2009.
The six-month Euribor goes 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 positive territory on July 14 for the first time since April 2015, also rose today, standing at 1.922%, plus 0.014 points, a new maximum since February 2009.
The three-month Euribor was negative between April 21, 2015 and July 13 last (seven years and two months).
The three-month Euribor went from 1.011% in September to 1.428% in October.
In the opposite sense, in a 12-month term, Euribor lowered this sixth fair, to be fixed at 2.860%, less 0.019 points than in the fifth fair, after having risen to a new maximum since January 2009, of 2.879 %, Thursday.
After having shot up on April 12 to 0.005%, for the first time in positive since February 5, 2016, The 12-month Euribor has been positive 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 from February 4, after the European Central Bank (ECB) admitted that it could raise the main interest rates this year due to the increase in inflation in the euro zone and the trend is reinforced with the beginning of Russia. Invasion of Ukraine on February 24.
On October 27, with the aim of curbing inflation, the ECB raised the three official interest rates by 75 basis points, the third consecutive increase this yearafter raising the three main interest rates by 50 basis points on July 21, the first rise in 11 years, and on September 8 by 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
