Euribor rates fall to 3 months and remain at 6 and 12 months – The Economic Journal

Euribor rates fell on Monday to three months and remained at six and 12 months, compared to Monday.

The three-month Euribor fell to -0.319%, down 0.001 points on Monday, with the current maximum since July on January 24 (-0.306%) and the current -0.332%, on April 10, 2017.

The six-month Euribor rate, the most used in Portugal in mortgage loans, remained at -0.258%, against the current maximum since July of -0.227%, registered on March 27, and the current minimum ever , of -0.279%, first verified on January 31, 2018.

Within 12 months, the Euribor rate also remained at -0.178%, against the current maximum since July of -0.108%, first verified on February 6, and the current low of -0.194% first achieved on December 18, 2017.

The three-, six- and twelve-month Euribor rates went into negative territory in 2015, on April 21, November 6 and February 5, respectively.

Euribor is set by the average rate at which a group of 57 eurozone banks are willing to lend money to each other in the interbank market.

Source link