Euribor rises in the three deadlines and reaches a maximum of 2024 to 6 months

Nthe case of Euribor at six months, which passed in january 2024 to be the most used in Portugal in housing credits with variable rate, the rate registered today was 2.737 %, plus 0.018 points than on the eve and the highest value since November 22, 2024.

Data from Banco de Portugal (BdP) for June indicate that six-month Euribor represents 39.9% of the ‘stock’ of loans for permanent own housing with variable rate.

The same data indicate that Euribor at 12 and at three months represent 31.3% and 24.38%, respectively.

At 12 months, the rise to the eve was 0.013 points, to 2.990%.

In the shortest period, 0.015 points were added to the value recorded on Wednesday, to 2.507%.

In July, Euribor's monthly average rose again to 2.425 to three months, 2.647 to six months and 2.855 to 12 months.

The European Central Bank (ECB) maintained on 23 July the three leading rates, as anticipated by the market, which now foresees an increase in September.

At the previous monetary policy meeting on 11 June, the ECB first raised its principal rates since September 2023.

The ECB’s next monetary policy meeting will take place on 9 and 10 September in Berlin.

Euribors are fixed by the average rates at which a set of 21 banks in the euro area are willing to lend money to each other.