Euribor Rates Unchanged at 3-Months, Up at 6-Months and Down at 12

Euribor rates remained unchanged yesterday for the three-month rate, rose at six and fell at 12 months compared to Friday.

The three-month Euribor rate held steady yesterday when it was fixed again at -0.535%, against January 6th’s all-time low of -0.556%, according to the newspaper Notícias ao Minuto.

The six-month Euribor, the most used in Portugal for mortgages, rose to -0.518%, up 0.003 points, against the current minimum of -0.534% of January 28.

The 12-month Euribor rate fell to -0.486%, down 0.005 points against the current minimum of -0.515% (February 2).

The three, six and 12-month rates fell below zero in 2015, on April 21, November 6, and February 5, respectively.

Trends in Euribor interest rates are closely linked to increases or decreases in the European Central Bank’s benchmark interest rates. The rates are an average of the rates at which a group of 57 banks in the eurozone are willing to lend money between themselves on the interbank market.