Euribor Rises at Three Months and Remains Stable for Six and 12 Months

August 3, 2021 – Ana Custódio

Euribor rose Monday at three months while remaining unchanged at six and 12 months compared to Friday.

The rate most often used to index mortgagees in Portugal, the six-month Euribor rate, held steady Monday at -0.523%. The three-month Euribor rate rose to -0.543%, according to the Observador.

Concerning the 12-month rate, the Euribor rate also held steady in relation to the previous session, as it once again remained at -0.502%, versus a low of -0.515%, which occurred on February 2.

On the other hand, the three-month Euribor rose to -0.543%, up 0.001 points against the current all-time low of -0.556%, seen on January 6.

Euribor interest rates are closely linked to changes in the ECB’s key 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 rates are set 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.