Euribor rates fluctuate with mixed results for six and twelve-month terms

Euribor interest rates have shown mixed movement. The six-month rate, which became the most widely used for variable-rate mortgages in Portugal in January 2024, fell to 2.746%, a decrease of 0.020 points. The twelve-month rate also saw a decline, dropping 0.051 points to 2.956%.

In contrast, the three-month rate continued to rise, increasing by 0.003 points to 2.557%, maintaining its highest level since March 2025.

According to Banco de Portugal data from June, the six-month Euribor accounts for 39.9% of the stock of variable-rate loans for permanent residential housing. The twelve-month and three-month rates represent 31.3% and 24.38% of the stock, respectively. The European Central Bank previously maintained its three key interest rates on July 23, with market expectations pointing toward a potential increase in September.