Three-month Euribor rises to 2.765% and reaches highest level since December 2024

The Euribor rates have increased for three, six, and twelve months, reaching a peak of 2.765% for three months, the highest since December 2024. The six-month Euribor, now the most common for variable-rate housing loans in Portugal, rose to 3.006%. Data from the Bank of Portugal shows that the six-month Euribor accounted for 40.3% of variable-rate housing loans. The twelve-month rate increased to 3.317%. The European Central Bank has maintained interest rates, with expectations for a potential increase in December. The Euribor rates reflect the average rates at which 21 eurozone banks lend to each other.