The Euribor rates fell this Thursday to three, six and twelve months compared to Wednesday.
The six-month Euribor interest rate, the most used in Portugal for housing loans and which entered positive territory on June 6, fell this Thursday to 2.493%, minus 0.026 points and compared to 2.527% on December 12, a new high since January 2009.
The six-month Euribor went 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 positive territory on July 14 for the first time since April 2015, also fell this Thursday, as it settled at 2.062%, minus 0.19 points and against a new maximum since February of 2009, 2,081%, verified on December 14.
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.
In the same sense, in a 12-month period, the Euribor fell this Thursday, settling at 2.867%, 0.004 points less than Wednesday, 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 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 onset of Russian inflation. 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
