Euribor Falls at Three Months and Rises at Six and 12 Months

10 May 2021 – Ana Custódio

Euribor rates fell today at three months and rose at six and 12-months compared to Friday.

The six-month Euribor rate, the most commonly sued in Portugal with mortgages, rose today to -0.513%, 0.001 points more, against the current minimum, -0.534%, on January 28.

According to the Lusa news agency, the 12-month Euribor rate also rose today, to -0.482%, up 0.001 points, versus the current minimum of -0.515% on February 2.

On the other hand, the three-month Euribor rate fell to -0.533%, down 0.003 points, against the current all-time low of -0.556% on January 6.

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

Euribor interest rates are set as the average of the rates at which a group of 57 banks in the Eurozone are willing to lend money to each other on the interbank market.

Euribor rates are closely linked to increases or declines in the European Central Bank’s (ECB) benchmark interest rates.

Translation: Richard D. K. Turner