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Euribor Rises at 3, 6 and 12-Months
24 May 2021 – Ana Custódio
Euribor rates rose at three, six and 12 months compared to Thursday.
The data were reported on Saturday by the newspaper Notícias ao Minuto. According to the publication, the six-month Euribor rate, the most used in Portugal for mortgages, rose to -0.513%, up 0.004 points, against the current minimum of -0.534% on January 28.
In the same vein, the three-month Euribor rose on Saturday, to -0.543%, up 0.002 points, against the current all-time low of -0.556% on January 6.
The Euribor rate also advanced in the 12-month period, when it was fixed at -0.479%, up 0.003 points, against the current minimum of -0.515% on February 2.
Changes in Euribor interest rates are closely linked to the European Central Bank’s (ECB) benchmark interest rates.
The three, six and 12-month Euribor rates fell below zero in 2015, on April 21, November 6, and February 5, respectively.
Euribor is calculated 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.
Translation: Richard D. K. Turner