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Euribor rates go up to three and six months and go down to 12 months

Euribor prices increased today to three and six months and decreased to 12 months compared to Thursday.

The six-month Euribor, which is the most used in Portugal for housing loans and entered the positive zone on June 6, rose today to 2.406%, plus 0.001 points, after rising to 2.442% on November 29, a new high since January 2009.

The 6-month average Euribor increased from 1.997% in October to 2.321% in November.

The six-month Euribor has been negative for six years and seven months (between November 6, 2015, and June 3, 2022).

The three-month Euribor index, which entered positive territory on July 14 for the first time since April 2015, also rose today, set at 1.975%, plus 0.003 points, against 1.984% on November 29, a new high since February 2009.

The three-month Euribor rate was negative between April 21, 2015 and last July 13 (seven years and two months).

The 3-month average Euribor rose from 1.428% in October to 1.825% in November.

On the other hand, in a 12-month period, the Euribor index is down today, set at 2.811%, which is 0.031 points lower than on Thursday, against 2.892% on November 28 and 29, which is the maximum since January 2009.

After rising to 0.005% on April 12, for the first time positive since February 5, 2016, the 12-month Euribor has been in positive territory since April 21.

The 12-month Euribor average increased from 2.629% in October to 2.828% in November.

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Euribor has been rising further since February 4, after the European Central Bank (ECB) admitted that it may raise key interest rates this year due to rising inflation in the Eurozone and the trend strengthened with the onset of Russia. Invasion of Ukraine on 24 February.

On October 27, with the aim of curbing inflation, the European Central Bank raised the three main interest rates by 75 basis points, which is the third consecutive increase this year, after it raised the three interest rates by 50 basis points on July 21, which is the first. in 11 years, and on Sept. 8 by 75 basis points.

The evolution of Euribor interest rates is closely related to increases or decreases in the main interest rates of the European Central Bank.

Three, six and 12-month Euribor prices hit all-time lows, respectively, -0.605% on December 14, 2021, and -0.554% and -0.518% on December 20, 2021.

Euribor is fixed by averaging the rates at which a group of 57 banks in the eurozone are willing to lend money to each other in the interbank market.