The Euribor rate fell today for three, six and 12 months compared to Wednesday and remained below 4% in the three terms.
With today's changes, the three-month Euribor, which fell to 3,922%, was above the six-month rate (3,873%) and the 12-month rate (3,544%).
The 12-month Euribor rate, currently the most used in Portugal in housing loans with variable rates and which was above 4% between June 16th and November 28th, dropped today to 3,544%, 0,001 points less than on Wednesday. fair, after having risen on September 29 to 4,228%, a new maximum since November 2008.
According to BdP data for October 2023, the 12-month Euribor represented 37,8% of the stock of loans for permanent home ownership with variable rates. The same data indicates that the six- and three-month Euribor represented 35,9% and 23,6%, respectively.
Within six months, the Euribor rate, which was above 4% between September 14th and December 1st, also fell today, to 3,873%, 0,009 points less than in the previous session and against the maximum since November 2008, from 4,143%, recorded on October 18th.
In the same sense, the three-month Euribor fell today compared to the previous session, being set at 3,922%, minus 0,007 points and after having risen on October 19th to 4,002%, a new maximum since November 2008.
The Euribor average in December fell 0,037 points to 3,935% for three months (compared to 3,972% in November), 0,138 points for 3,927% for six months (compared to 4,065%) and 0,343 points for 3,679% for 12 months (compared to 4,022%). .
Euribor began to rise more significantly from February 4, 2022, after the ECB admitted that it could raise key interest rates due to the increase in inflation in the euro zone and the trend was reinforced with the start of the invasion of Ukraine by Russia on February 24, 2022.
At the most recent monetary policy meeting, on December 14th, the ECB maintained the reference interest rates for the second time (consecutive) since July 21st, 2022.
The ECB's next monetary policy meeting, which will be the first this year, will take place on January 25th.
The three-, six- and 12-month Euribor rates recorded all-time lows, respectively, of -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 19 banks in the eurozone are willing to lend money to each other in the interbank market.
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