6 and 12-Month Euribor Rates Increase
21 February 2018
Three and nine-month Euribor rates remained level today, while six and twelve-month rates rose compared to Tuesday.
The three-month Euribor rate, in negative territory since April 21, 2015, remained stable at -0.329%, just above its lowest ever, at -0.332%, which was reached for the first time on April 10, 2017.
The six-month Euribor rate, the most widely used rate in Portugal for residential mortgage loans, which fell below zero for the first time on November 6, 2015, rose to -0.271%, an increase of 0.002 points and against the current -0.279%, first recorded on January 31.
The nine-month Euribor stayed at -0.221%, against the current low of -0.224%, registered for the first time on October 27 last year.
The 12-month Euribor rate, which fell below zero for the first time on February 5, 2015, rose today to -0.191%, an increase of 0.002 points, compared to the low of -0.194% first registered on December 18 of last year.
Euribor is determined by the average rate at which a group of 57 eurozone banks are willing to lend funds to each other in the interbank market.
Original Story: Lusa / Diário Imobiliário
Translation: Richard Turner