Euribor rates rose again this Wednesday across all maturities for the sixth session in a row and hit previous highs. The six-month Euribor, most commonly used in mortgages in Portugal, rose 0.021 points more than 0.926% in the previous session, once again recording a new high and an average increase from 0.162% in June to 0.466% in July.
The six-month rate was negative for six years and seven months, from November 6, 2015 to June 3, 2022.
The three-month period recorded a new high of 0.493% for the sixth consecutive session, up 0.025 points from the previous session’s 0.468%. This rate entered positive territory on July 14 for the first time since April 2015.
The three-month Euribor was negative for seven years and two months, from April 21, 2015 to July 13, and its average rose from 0.239% in June to 0.037% in July. In terms of the 12-month period, Euribor rose this Wednesday for the sixth time in a row to 1.427% from 1.398% a day earlier, rising by 0.029 points, reaching a maximum in more than 10 years.
Author: Thiago Rebelo
Source: CM Jornal
