Euribor Down at Three, Six and 12 Months

November 18, 2021 – Ana Custódio

Euribor fell today at three, six and 12 months compared to yesterday.

Euribor fell today at three, six and 12 months compared, according to an article in the Diário Imobiliário.

The most commonly used rate in Portugal for indexing mortgages, the six-month Euribor rate fell today to -0.538%, down 0.008 points, compared to an all-time low of -0.538%, November 3-4.

The three-month rate fell to -0.567%, down 0.009 points, after hitting an all-time low of -0.573%. November 3.

The 12-month Euribor dropped to -0.489%, 0.005 points less than on Tuesday. The low of -0.515% was reached on February 2.

Euribor is determined by the average rate at which a group of 57 banks in the eurozone are willing to lend money to each other on the interbank market.

The three, six and 12-month Euribor rates fell below zero in 2015 on April 21, November 6, and February 5, respectively.

The evolution of Euribor interest rates is closely linked to increases or decreases in the European Central Bank’s benchmark interest rates.

Translation: Richard D K Turner