3-Month Euribor Up, Holds Steady at 6 Mos. And Falls at 12

Euribor rose today at three months, held steady at six and fell at 12 months.

Compared to Wednesday, the six-month Euribor rate, the most commonly used for mortgages in Portugal, remained unchanged today at -0.524%, versus a low of -0.534% on January 28, according to the newspaper Notícias ao Minuto.

The 3-month Euribor reached -0.544%, up 0.003 points, compared to the low of -0.556%, seen on January 6.

On the other hand, the 12-month Euribor rate fell to -0.502%, down 0.004 points. The low for the rate, -0.515%, occurred on February 2.

Changes in Euribor interest rates are closely linked to the ECB’s benchmark 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 is 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.