Portugal Experiences Highest Rise of Euribor

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The market foresees an increase at the next monetary policy meeting of the European Central Bank.

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With today's changes, the three-month rate advanced to 2.31%, but remained below the six (2.588%) and 12 months rates (2.851%). The six-month Euribor rate, which passed in January 2024 to be the most widely used in Portugal in variable rate housing credits, rose today to 2.588%, more than 0.039 points than on Wednesday. Data from the Banco de Portugal (BdP) for March indicate that the six-month Euribor accounted for 39.41% of the ‘stock of loans…