POUPANÇA NO MINUTO
CLASSIFICADOS AUTO
Euribor falls to three and six months to lows since October and July
The Euribor rate fell today at three, six and 12 months compared to Monday, at the two shortest terms to lows since October and July 2023, respectively.
© iStock
Economia Imóveis
With today's changes, the three-month Euribor, which fell to 3.825%, remains above the six-month rate (3.795%) and the 12-month rate (3.696%).
The six-month Euribor rate, which became the most widely used in Portugal for variable-rate housing loans and which was above 4% between September 14 and December 1, fell today to 3.795%, down 0.020 points and a low since July 2023, after having risen on October 18 to 4.143%, a high since November 2008.
Data from the Bank of Portugal (BdP) for February indicate that the six-month Euribor is the most widely used, representing 36.6% of the 'stock' of loans for permanent own housing with variable rates. The same data indicate that the 12-month and three-month Euribor represented 34.7% and 24.6%, respectively.
In the 12-month period, the Euribor rate, which was above 4% between June 16 and November 29, fell today to 3.696%, down 0.030 points from the previous session, against the high since November 2008, of 4.228%, recorded on September 29.
In the same vein, the three-month Euribor fell, being set at 3.825%, down 0.010 points and a low since October 2023, after having risen on October 19 to 4.002%, a high since November 2008.
At the last monetary policy meeting on April 11, the ECB kept key interest rates at their highest level since 2001 for the fifth consecutive time, after having made 10 increases since July 21, 2022.
The next ECB monetary policy meeting will be held on June 6 in Frankfurt.
The average Euribor in March remained at 3.923% at three months, fell 0.006 points to 3.895% at six months (against 3.901% in February) and rose 0.047 points to 3.718% at 12 months (against 3.671%).
Euribor rates began to rise more significantly from February 4, 2022, after the ECB admitted that it could raise key interest rates due to rising inflation in the eurozone and the trend was reinforced with the start of the invasion of Ukraine by Russia on February 24, 2022.
The three-, six- and 12-month Euribor rates recorded all-time lows of -0.605% on December 14, 2021, -0.554% and -0.518% on December 20, 2021, respectively.
Euribor rates are set by the average of the rates at which a group of 19 eurozone banks are willing to lend money to each other in the interbank market.
Read Also: TdC raised suspicions about Cascais City Council's benefit to company (Portuguese version)
Descarregue a nossa App gratuita.
Oitavo ano consecutivo Escolha do Consumidor para Imprensa Online e eleito o produto do ano 2024.
* Estudo da e Netsonda, nov. e dez. 2023 produtodoano- pt.com
Recomendados para si
Classificados Auto
Leia Também
Últimas Notícias
Mais lidas
- Última hora
- Dia
- Semana
-
1
economia Combustíveis
Precisa de abastecer? Preço dos combustíveis fica mais barato amanhã
-
2
economia Ricardo Martinho
-
3
economia Poupança
Gastos de Natal? Estas são as cinco melhores formas de conseguir poupar
-
4
