The Euribor rates fell this Monday within two months and rose to six and 12 months, with six months renewed for a maximum of 14 years.
The six-month Euribor interest rate, which is the most used in Portugal for housing loans and which entered positive territory on June 6, 2022, renewed the 14-year maximum, rising 0.017 points to 2.959%, ​​compared to 2.942 % Friday – fair.
On January 25, the six-month Euribor had reached a maximum, closing at 2.928%. The six-month Euribor went from 2.321% in November to 2.560% in December.
The six-month Euribor was negative for six years and seven months (between November 6, 2015 and June 3, 2022).
In 12 months, the Euribor rose 0.012 points to 3.368%, compared to 3.356% in the previous session.
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 went from 2.828% in November to 3.018% in December.
The three-month Euribor, which entered positive territory on July 14 for the first time since April 2015, fell 0.010 points to 2.482%, after closing on Friday at 2.492%.
The three-month Euribor was negative between April 21, 2015 and July 13 (seven years and two months). The three-month Euribor went from 1.825% in November to 2.063% in December.
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 start of Russia’s invasion of the Ukraine on February 24.
At the last monetary policy meeting, on December 15, the ECB raised official interest rates by 50 basis points, thus slowing the pace of increases compared to the two previously recorded, which were 75 basis points, respectively, the October 27 and September 8
On July 21, the ECB raised all three key interest rates by 50 basis points for the first time in 11 years.
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
