Week ends with Euribor rate falling at 3, 6 and 12 months

After we have been following with apprehension a continued rise in Euribor rates, we can regain some breath in the face of the communication of a reversal in this trend recorded yesterday, Thursday.

The beginning of the week was marked by new increases in the Euribor Rate, recorded successively in the first three evaluation sessions of the ECB and contributing to an apprehension, also growing and widespread, both on the part of government officials, as specialists in Economics and, of course, , from the common citizen who has learned to keep in mind the impact that this evolution will have on their lives, depending on the term of the rate associated with their home loan. And not only.

On Monday, November 7th, the European Central Bank (ECB) announced new increases for the main terms of the Euribor rate. Although not surprising, the communication of new increases leaves us all to do new math in view of the new data available: the 6-month Euribor rate increased by another 0.018 points, to 2.296%; the 12-month Euribor to be fixed at 2.820%, that is, plus 0.026 points; within a period of 3 months, the data were fixed at 1.742%, 0.008 points more than the previous session.

Tuesday, November 8, confirmed what was already suspected, with the ECB setting a new increase in the Euribor rate in terms of 3, 6 and 12 months. Thus, the 6-month Euribor rate - the most used term in the granting of home loans in Portugal -, increased by 0.020 points, settling at 2.316%. For its part, the 3-month Euribor followed the same trend, being set at 1.791%, 0.049 points more than in the previous session. Finally, in the 12-month Euribor, the recorded increase reached 2.846%, that is, 0.026 more points.

On Wednesday, November 9th, the Euribor rate maintained its performance, with the communication of new increases and with the 6-month term rising to 2.333%, 0.017 points more than the previous day's session. In the same vein, within 12 months, Euribor advanced by another 0.028 points, settling at 2.874%. Finally, the 3-month Euribor followed this trend, this time settling at 1.802%, 0.011 points more than on Tuesday.

And that was how, on Thursday, November 10th, the ECB released new data on the Euribor rate for the various associated maturities, revealing a reversal of the trend recorded in recent sessions, contributing to a global expectation of when this decline will become the pattern of evolution of the Euribor Rate, allowing the start of a new European economic cycle that restores the balance lost throughout this year.

Thus, after six consecutive sessions with an increase, the 6-month Euribor rate dropped yesterday to 2.319%, with 0.014 points less. The 12-month Euribor period followed in the same direction, being set at 2.886%, 0.012 points less than in the previous day's session. The 3-month Euribor also dropped yesterday when it was set at 1.798%, with 0.004 points less and after 15 consecutive sessions rising.

Friday, November 11th, brought with it a new announcement by the ECB, confirming a further decrease in the Euribor rate on the main maturities for the second consecutive session, with the 6-month Euribor recording a decline of 0.028 points to 2.291%, a trend also accompanied by the deadline of 12 months, set at 2.811%, minus 0.051, as well as by the period of 3 months, also falling for the second consecutive session, having settled at 1.762%, 0.036 points less compared to yesterday's session.

Consult this week's Euribor rate evolution table and continue to follow us up to date with all the news related to this topic:


Source: SUPERCASA and UNSPLASH