Tag Archives: Euribor

Euribor rates move in different directions across key maturities

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Euribor rates moved in different directions during the session: the six- and 12-month benchmarks fell compared with the previous day, while the three-month rate rose. This divergence confirms that the various maturities do not always react uniformly to market expectations.

Euribor is a key benchmark for many credit agreements, particularly variable-rate mortgages. As a result, movements in each maturity may affect repayments differently, depending on the benchmark and review date specified in the agreement.

A single daily change does not, on its own, determine the medium-term trend. To assess the impact on household expenses, it is important to consider the cumulative movement in rates and confirm the specific terms of each loan.

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Mortgage credit stabilizes in August after months of increases

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Portuguese families breathe a sigh of relief with the pause in rising installments, although amounts remain historically high.

After successive months of increases, mortgage payments in Portugal stabilized in August, following the ECB’s decision to keep interest rates unchanged. This pause has brought some relief to families, who have faced significant hikes over the past two years.

According to data from the Bank of Portugal, the average of new installments remained practically unchanged compared to July, reflecting the stabilization of Euribor rates. However, despite the absence of new increases, costs remain high and represent a significant share of households’ disposable income.

Experts warn that the situation still requires caution. Although there is the prospect of interest rate cuts in 2025, the sustainability of mortgage credit will depend on the evolution of the economy and the ability to maintain employment levels. Many households are still under financial strain, which calls for support measures and close monitoring by the authorities.

For families, stabilization is a positive sign and allows some medium-term planning. However, the future of mortgage credit in Portugal will continue to depend on the balance between European monetary policy, the stability of the banking sector, and the resilience of the national economy.

Bank Offers Lower Interest Rates on Deposits than BC Cut

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Bank Offers Lower Interest Rates on Deposits than BC Cut

Data from Jornal Económico indicate that the interest rates offered by Portuguese banks for term deposits are decreasing faster than the ECB’s rate cuts.

On average, the one-year remuneration was **1.605%**, compared to a Euribor of 2.525% in January.

This divergence affects the attractiveness of term deposits and leads depositors to reconsider investment alternatives, reflecting the tension between banks and the ECB in monetary policy.