Euribor Rates Hold Steady at 3 and 12 Months and Rise at 6 and 9 Months

23 April 2018

Euribor rates held steady today at three and 12 months and rose at six and nine months.

The three-month Euribor, in negative territory since April 21, 2015, held steady today for the fifth consecutive session at -0.328%, against 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, rose to -.270%, up 0.001 points compared to a low of -0.279% (January 31).

The 9-month Euribor also rose today to -0.219%, up by 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, held today for the sixth 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