The Trend Has Changed: Eurobor Rates Are Below Three, Six and 12 Months

In April, Euribor's monthly averages fell strongly in the three periods, more intensively than in the previous months and in the longer term.

With today's changes, the rate of three months, which advanced to 2,049%, remained below the rate of six (2,118%) and 12 months (2,104%). The rate of Eurobor to six months, which took place in January 2024 to be the most used in housing credits in Portugal with variable rate, has now increased by 2,118% and more,005 points. Data from the Portuguese Bank (BdP) for March indicate that Eurobor at six months represented 37.65% of 'stock' loans for t…