The Euribor are fixed by the average of the rates at which a group of 57 banks in the euro zone are willing to lend money to each other in the interbank market
The 12-month Euribor rate advanced today as it was set at 3,859%, plus 0,033 points, a new high since December 2008
The 12-month Euribor rate is the most used in Portugal for variable rate mortgage loans
The three-month Euribor rate was negative between April 21, 2015 and July 13 last
The Euribor are fixed by the average of the rates at which a group of 57 banks in the euro zone are willing to lend money to each other in the interbank market
The evolution of Euribor interest rates is closely linked to increases or decreases in key ECB interest rates
The 12-month Euribor average increased from 2,828% in November to 3,018% in December
The 12-month rate reversed the previous trend
If the 12-month Euribor returns to pre-subprime crisis territories, the impact on the family budget is quite significant.
If the change occurs, it will be because the rate no longer complies with the rules designed and introduced to give greater strength to the markets, and as such, it will be replaced by a new rate
Data provided by the meteorological station of the Manuel Teixeira Gomes School Group.
