Euribor rose to three and fell to six and 12 months – The Economic Journal


The Euribor rates rose this Monday to three months and fell to six and 12 months, respectively, compared to Friday.

The three-month Euribor rose to -0.318%, plus 0.001 points, against the current maximum since July registered for the first time on January 24 (-0.306%) and the current low of -0.332%, verified for the first time on April 10, 2017.

The six-month Euribor rate, the most used in Portugal in mortgage loans, fell today to -0.258%, minus 0.002 points, against the current maximum since July of -0.227%, registered on March 27, and the current one minimum, always -0.279%, first verified on January 31, 2018.

Within 12 months, the Euribor rate also dropped to -0.178%, down 0.003 points from the current high since July of -0.108%, first verified on February 6, and the current -0.194%, reached for the first time 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.



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