EURIBOR FEES FALL TO THREE MONTHS, RISE TO SIX, AND STAY FOR 12 MONTHS

Euribor rates dropped today to three months, rose to six and remained at 12 months compared to Monday.

The six-month Euribor rate, the most used in Portugal for home loans, rose today to -0.323%, plus 0.002 points and against the current low of -0.448%, verified on September 3.

The three-month Euribor fell to -0.387%, minus 0.002 points and against the current low of -0.448%, also recorded on September 3.

Within 12 months, the Euribor rate remained at -0.248%, against the current minimum of -0.399%, on August 21.

The evolution of Euribor interest rates is closely linked to increases or decreases in key European Central Bank (ECB) interest rates.

Euribor rates accentuated the negative value after Frankfurt's indication that it will keep key interest rates at low levels, instead of the expected hikes, and that they may even go down again, given the country's weak economic growth. eurozone.

The interest rate applied to the main refinancing operations is at 0%, the marginal lending rate at 0.25% and the deposit facility at -0.50%.

Euribor rates for three, six and 12 months entered negative ground in 2015, on April 21, November 6 and February 5, respectively.

Euribor are set at the average of the rates at which a group of 57 eurozone banks are willing to lend money to each other on the interbank market.