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Three-Month Euribor Falls, Six and Twelve Up
April 5, 2021 – Ana Custódio
Euribor fell at three months and rose at six and 12 months compared to Tuesday, according to an article in Notícias ao Minuto.
The six-month Euribor rate, the most widely used in Portugal to index mortgages, rose today to -0.519%, up 0.003 points, against the current low of -0.534% on January 28.
The 12-month Euribor rate also rose, to -0.485%, also up 0.003 points, against the current minimum of -0.515% on February 2.
On the other hand, the three-month Euribor declined, settling at -0.547%, down 0.005 points less, against the current all-time low of -0.556%, recorded on January 6.
Euribor interest rates are closely linked to the European Central Bank’s benchmark interest rates.
The three, six and 12-month Euribor rates went into negative territory in 2015, on April 21, November 6 and February 5, respectively.
Euribor rates are determined by the average interest 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