With today's changes, the three-month Euribor, which fell to 3.801%, remained above the six-month rate (3.783%) and the 12-month rate (3.702%). The six-month Euribor rate, which has become the most widely used in Portugal for variable-rate housing loans and which was above 4% between 14 September and 1 December, fell today to 3.783%, down 0.001 points and a new low since 13 June last year, after rising on 18 October to 4.143%, a high since November 2008. Data from the Bank of Portugal (BdP) for March 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 34.3% and 24.9%, respectively. In the 12-month period, the Euribor rate, which was above 4% between 16 June and 29 November, rose today to 3.702%, up 0.032 points from the previous session, against the high since November 2008, of 4.228%, recorded on 29 September. On the contrary, the three-month Euribor fell, being fixed at 3.801%, down 0.018 points, after rising on 19 October to 4.002%, a high since November 2008. At the last monetary policy meeting, on 11 April, the ECB kept key interest rates at their highest level since 2001 for the fifth consecutive time, after having made 10 increases since 21 July 2022. The next ECB monetary policy meeting will be held on 6 June in Frankfurt. The average Euribor in April fell in all three maturities, 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 began to rise more significantly from 4 February 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 24 February 2022. The three-month, six-month and 12-month Euribor rates recorded all-time lows of -0.605% on 14 December 2021, -0.554% and -0.518% on 20 December 2021, respectively. The Euribor is fixed 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: CTT workers against possible sale of the entire bank (Portuguese version)