Euribor Rates Unchanged at Three Months and Rise At Six and 12 Months

July 14, 2021 – Ana Custódio

Euribor rates remained unchanged yesterday at three months and rose at six and 12 months compared to Friday.

The interest rate most frequently employed in Portugal to index mortgages, the six-month Euribor rate, rose to -0.511%, up 0.003 points, against a low of -0.534%, which occurred on January 28, according to Notícias ao Minuto.

Euribor at 12 months rose to -0.493%, up 0.001 points from a low of -0.515% on February 2.

Three-month Euribor remained unchanged, settling once again at -0.543%, versus its low of -0.556%, on January 6.

Changes in Euribor interest rates are linked to the ECB’s benchmark rates.

Euribor is determined by 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.

Translation: Richard D K Turner