Euribor Rates Hit Six-Month High

28 May 2018

The three, six, nine and 12 month-Euribor rates rose today to a six-month high.

The three-month Euribor, in negative territory since April 21, 2015, rose to -0.322% today, the highest figure since November 29, up 0.001 points against the current low of -0.332%, registered for the first time on April 10, 2017.

The six-month Euribor rate, which fell below zero for the first time on November 6, 2015, rose to -0.269%, %, the highest figure since November 29, up 0.002 points compared to a low of -0.279% (January 31).

The nine-month Euribor was set at -0.216%, the highest figure since November 29, up 0.001 points versus a low of -0.224%, first registered on October 27, 2017.

The 12-month Euribor rate, which fell below zero for the first time on February 5, 2015, also rose to its highest level of the last six months to -0.186%, up 0.002 compared to a low of -0.194 %, first seen on December 18, 2017. In this period, Euribor first reached the high of -0.186% on December 21, 2017.

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

Original Story: Diário Imobiliário / Lusa

Translation: Richard Turner