3-Month Euribor Rate Rises as 6-Month Rate Falls

10 May 2018

The three-month Euribor interest rate rose today, while the six-month fell the 9- and 12-month rates held steady compared to Wednesday.

The three-month Euribor, in negative territory since April 21, 2015, rose today for the second consecutive day to -0.326%, plus 0.001 points compared to a low of -0.332%, first seen on April 10, 2017.

The six-month Euribor rate, which fell below zero for the first time on November 6, 2015, fell to -0.271%, down 0.002 points compared to a low of -0.279% (January 31).

The 9-month Euribor held steady at -0.219% for the seventh consecutive session 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, held today for the fourth consecutive session at -0.189%, compared to a low of -0.194 %, first seen on December 18, 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: Lusa / Diário Imobiliário

Translation: Richard Turner