Euribor rates fell for three, six and 12 months, having reached, respectively, minimums since July, April and February of last year.
The 12-month Euribor fell by 0,029 points, to 3,320%, the lowest value recorded since February 21, 2023.
The six-month Euribor dropped 0,010 points compared to Thursday, to 3,553%, reaching a minimum since April 17 last year.
The three-month rate, in turn, fell 0,009 points compared to Thursday, to 3,623%, reaching lows since July 07 last year.
Data from the Bank of Portugal (BdP) for June indicate the six-month Euribor as the most used, representing 37,5% of the stock of loans for permanent home ownership with variable rates. The same data indicates that the 12- and three-month Euribor represented 33,7% and 25,7%, respectively.
In July, the six-month Euribor presented an average of 3,644%, against the average of 3,715% in June.
The three-month Euribor had an average of 3,685% and the 12-month rate of 3,526%, which compare, respectively, with 3,725% and 3,650% in June.
On July 18, the ECB maintained key interest rates and its president, Christine Lagarde, did not clarify what will happen at the next meeting on September 12, stating that everything depends on the data that is known.
At the previous meeting, in June, the ECB had reduced key interest rates by 25 basis points, after having kept them at the highest level since 2001 in five meetings and having made 10 increases since July 21, 2022.
Analysts anticipate that Euribor rates will reach around 3% at the end of the year.
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.
Comments