The Euribor rates rose this Friday to three and six months and fell to 12 months compared to Thursday.
The six-month Euribor interest rate, the most used in Portugal for housing loans and which entered positive territory on June 6, rose this day to 2.406%, plus 0.001 points, after rising to 2.442% on November 29 , a new high since January. 2009.
The six-month Euribor rose from 1,997% in October to 2.321% in November.
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 also rose today as it settled at 1.975%, plus 0.003 points, from 1.984% on November 29, 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 1.428% in October to 1.825% in November.
On the other hand, within 12 months, the Euribor fell today, standing at 2.811%, 0.031 points less than on Thursday, compared to 2.892% on November 28 and 29, the highest since January 2009.
After rising to 0.005% on April 12, for the first time in positive since February 5, 2016, the 12-month Euribor has been in positive territory since April 21.
The 12-month Euribor average went from 2.629% in October to 2.828% in November.
The Euribor began to rise more significantly since February 4, after 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 with the start of the Russian invasion of 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
