Three-month Euribor rises to 2.714% and reaches highest level since January 2025

The three-month Euribor rate has risen to 2.714%, reaching its highest level since January 2025. The six-month rate also increased to 2.994%, while the twelve-month rate decreased to 3.304%. The six-month Euribor is now the most commonly used for variable-rate housing loans in Portugal, representing 40.3% of such loans. The European Central Bank (ECB) recently maintained its key interest rates, with expectations for a potential increase in December. The Euribor rates are determined by the average rates at which 21 eurozone banks lend to each other in the interbank market.