Euribor rises to three and six months and falls to 12 months
Euribor rose today in three and six months and fell in 12 months compared to Wednesday, and remained above 2.5% in the three terms.
With today’s changes, the three-month rate, which increased to 2.789%, remained above the six-month rate (2.649%) and the 12-month rate (2.553%).
The six-month Euribor rate, which in January 2024 became the most used in Portugal for variable rate housing loans, rose today to 2.649%, 0.010 points more than on Wednesday.
Data from the Bank of Portugal (BdP) for November show that the six-month Euribor represented 37.47% of the stock of loans for permanent home ownership with variable rates. The same data indicates that the 12- and three-month Euribor represented 32.92% and 25.58%, respectively.
Within 12 months, the Euribor rate fell today to 2.553%, minus 0.008 points.
In the opposite direction, the three-month Euribor advanced today, being set at 2.789%, 0.007 points more than in the previous session.
In December, the Selic average fell again for three, six and 12 months, less sharply than in November and more intensely in the shorter term.
The Selic average in December fell 0.182 points to 2.825% in three months (compared to 3.007% in November), 0.156 points to 2.632% in six months (compared to 2.788%) and 0.070 points to 2.436% in 12 months (compared to 2.506%). .
On December 12, as expected by the markets, the ECB cut, for the fourth time in 2024 and the third consecutive meeting, key rates by 25 basis points.
The ECB’s next monetary policy meeting takes place on January 30 in Frankfurt.
Euribor is set by the average of the rates at which a group of 19 eurozone banks are willing to lend money to each other on the interbank market.
Lusa
Source: www.jornaldenegocios.pt
