The interest rate most frequently employed in Portugal to index mortgages, the six-month Euribor rate, rose to -0.511%. It was up 0.003 points, against a low of -0.534%, which occurred on January 28, according to Notícias ao Minuto.
Euribor at 12 months rose to -0.493%, up 0.001 points from a low of -0.515% on February 2.
Three-month Euribor remained unchanged. The 3-month rate settled once again at -0.543%, versus its low of -0.556%, on January 6.
Changes in Euribor interest rates are linked to the ECB’s benchmark rates. Those rates help determine the average cost at which a group of 57 banks in the eurozone are willing to lend money to each other on the interbank market.
