The Euribor rate fell this Monday to three, six and 12 months compared to Friday and in the two shortest terms for new lows respectively since July and May of last year.
With the variations of the last day, the Euribor remains at very close values, with the three-month rate, which drops to 3.711%, at the same level as the six-month rate (also 3.711%) and above that of 12 months (3.628%). ).
TO six-month Euribor ratewhich in January became the most used in Portugal in housing loans at a variable rate and which was above 4% between September 14 and December 1, today fell to 3.711%, minus 0.024 points and a minimum since on December 22, 2023, after having registered. It reached 4.143% on October 18, a high since November 2008.
Data from the Bank of Portugal (BdP) for April indicate the six-month Euribor as the most used, representing 37.5% of the stock of loans for permanent housing owned at a variable rate. The same data indicate that the 12- and three-month Euribor represented 34.1% and 25%, respectively.
Inside 12 months, Euribor ratewhich was above 4% between June 16 and November 29, fell to 3.628%, 0.044 points less than in the previous session, compared to the maximum since November 2008, of 4.228%, recorded on September 29 .
In the same sense, the Three-month Euribor It fell, settling at 3.711%, minus 0.004 points and a new minimum since July 26, 2023, after having increased on October 19 to 4.002%, the highest since November 2008.
On June 6, the ECB lowered official interest rates by 25 basis points, after keeping them at the highest level since 2001 in five meetings and having carried out 10 increases since July 21, 2022. The next monetary policy meeting of the BCE will take place on July 18.
Source: Observadora
