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Euribor falls to three, six and 12 months

Euribor, a crucial indicator in the European financial landscape, has seen some notable variations recently. This development is particularly interesting in the light of the European Central Bank (ECB) at its last meeting. In this article, we explore the recent changes in the three-, six- and twelve-month Euribor rates, highlighting the potential implications for financial market players.

Euribor falls to three, six and 12 months

Following the ECB's fourth consecutive meeting, three-month Euribor fell significantly to 3.928%. However, it remains higher than the six-month variation, set at 3.892%, and the twelve-month variation, set at 3.703%. These adjustments reflect the direct influence of monetary policy decisions on the interbank market.

The six-month Euribor, which has become the predominant reference rate in Portugal for variable-rate mortgages, showed a decrease to 3.892%, underlining a downward trend since its peak in October. These fluctuations are of particular importance to real estate borrowers, who represent a significant share of the market.

Twelve-month Euribor was also down, settling at 3.703%, marking a downward trend since its peak in September. This variation is part of the broader context of the ECB's efforts to maintain economic stability.

Impact on the real estate market:

The data from Banco de Portugal indicate that six-month Euribor represents 36.4% of the 'stock' of variable-rate mortgages. Variations in this rate have a direct impact on the cost of mortgages, influencing the property market as a whole.

Future prospects:

Although rates have undergone recent adjustments, stability remains a major objective for the ECB. The next monetary policy meeting in April will be crucial in anticipating Euribor's future direction. Financial market players should remain vigilant and adjust their strategies in line with future developments.

In conclusion, Euribor continues to be a key indicator in the European financial landscape. Recent adjustments, particularly at three, six and twelve months, underline the importance of closely monitoring ECB decisions to anticipate market trends. Real estate and financial market players need to remain informed and reactive to maximize their opportunities in this ever-changing environment.


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