Compared to Thursday, the six-month Euribor rate, the most commonly used in Portugal to index mortgages, rose today to -0.528%, up 0.001. The current low of -0.534% occurred on January 28, according to Notícias ao Minuto.
Euribor at three months also rose, but to -0.558%, 0.002% more than on Thursday, compared to a low of -0.556% on January 6.
Twelve-month Euribor remained unchanged at -0.494%, compared to a low of -0.515% on February 2.
Euribor interest rates are closely linked to changes in 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 rates are set as the average rate at which a group of 57 banks in the eurozone are willing to lend money to one another on the interbank market.
