The Euribor rate rose today to three, six and 12 months to new highs since January 2009 in the shorter term and since December 2008 for the two longer terms.
The six-month Euribor rate, the most used in Portugal for housing loans and which entered positive territory on June 06, increased today to 3,029%, 0,020 points more and a new maximum since December 2008.
The six-month Euribor average rose from 2,560% in December to 2,864% in January, plus 0,304 points.
The six-month Euribor was negative for six years and seven months (between November 06, 2015 and June 03, 2022).
In the same sense, the three-month Euribor, which entered positive territory on July 14 for the first time since April 2015, rose today, being set at 2,540%, plus 0,057 points, a new high since January 2009.
The three-month Euribor rate was negative between April 21, 2015 and July 13 last (seven years and two months).
The three-month Euribor average rose from 2,063% in December to 2,354% in January, that is, an increase of 0,291 points.
Within 12 months, the Euribor also advanced today, being set at 3,446%, plus 0,032 points, a new high since December 2008.
After rising to 12% on April 0,005, for the first time positive since February 05, 2016, the 12-month Euribor has been in positive territory since April 21.
The 12-month Euribor average increased from 3,018% in December to 3,338% in January, plus 0,320 points.
The Euribor began to rise more significantly since February 04th, 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 was reinforced with the beginning of Russia's invasion of Ukraine on February 24.
At the last monetary policy meeting, on December 15, the ECB increased key interest rates by 50 basis points, thus slowing down the pace of increases in relation to the two previously recorded, which were 75 basis points, respectively, on October 27 and on September 08th.
On July 21, the ECB raised the three key interest rates by 11 basis points for the first time in 50 years.
The three-, six- and 12-month Euribor rates registered all-time lows, respectively, -0,605% on December 14, 2021, -0,554% and -0,518% on December 20, 2021.
The Euribor are fixed by the average of the rates at which a group of 57 banks in the eurozone are willing to lend money to each other in the interbank market.
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