With today's changes, the three-month Euribor, which fell to 3.822%, remained above the six-month rate (3.787%) and the 12-month rate (3.673%). 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 01, today fell to 3.787%, down 0.004 points, after having risen on October 18 to 4.143%, a maximum since November 2008. Data from the Banco de Portugal (BdP) referring to March indicate the six-month Euribor as 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 34.3% and 24.9%, respectively. In the 12-month period, the Euribor rate, which was above 4% between June 16 and November 29, today advanced to 3.673%, 0.028 points more than in the previous session, against the maximum since November 2008, of 4.228%, recorded on September 29. On the contrary, the three-month Euribor fell, being fixed at 3.822%, down 0.008 points, after having advanced on October 19 to 4.002%, a maximum since November 2008. At the last monetary policy meeting on April 11, the ECB kept the benchmark interest rates at the 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 take place on June 06 in Frankfurt. The average Euribor in April fell in all three terms, namely 0.037 points to 3.886% at three months (against 3.923% in March), 0.056 points to 3.839% at six months (against 3.895%) and 0.016 points to 3.702% at 12 months (against 3.718%). The Euribor started to rise more significantly from February 04, 2022, after the ECB admitted that it could raise the key interest rates due to the increase in 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-month, six-month 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. The Euribor is set by the average of the rates at which a group of 19 eurozone banks are willing to lend money to each other on the interbank market. Read Also: Euribor rises at three months and falls at six and 12 months (Portuguese version)