The Euribor rate fell this Monday to three months and rose to six and 12 months, compared to Friday.
The Euribor rate to 12 monthswhich is currently the most used in Portugal in floating rate mortgage loans, went up this Monday up to 4.070%, 0.025 points more than on Friday, after rising to 4.193% on July 7, a new maximum since November 2008.
within six monthsthe Euribor rate, which entered positive territory on July 7, 2022, went up this Monday 0.009 points compared to Thursday, up to 3.944%, compared to the maximum since November 2008, of 3.972%, verified on July 21.
the euribor three monthsSuccessively, got off up to 3.771%, 0.017 points less than on Friday, compared to a maximum of 4.193% on July 7 of this year.
The Euribor began to rise more significantly from February 4, 2022, after the European Central Bank (ECB) admitted that it could raise official interest rates due to the rising inflation in the eurozone and the trend was reinforced with the start of the invasion of Ukraine by Russia on February 24, 2022.
At the last monetary policy meeting, held on July 27, the ECB raised interest rates again, for the ninth consecutive session, by 25 basis points (the same as on June 15 and May 4), an increase lower than the 50 basis points made on July 27. March 16, February 2, and December 15, when the rate of increases began to slow.
Previously, on October 27 and September 8, official rates rose 75 basis points. On July 21, 2022, the ECB had raised the three main interest rates by 50 basis points for the first time in 11 years.
The next ECB monetary policy meeting will take place on September 14.
The Euribor rates at three, six and 12 months registered historical lows, respectively, -0.605% on December 14, 2021, -0.554% and -0.518% on December 20, 2021.
The Euribor is set by the average of the rates at which a group of 57 eurozone banks are willing to lend money to each other in the interbank market.
Source: Observadora
