Euribor rates saw a slight increase across three, six, and twelve-month terms on Friday, following a recent decrease earlier in the week. This shift comes after the European Central Bank (ECB) lowered its key interest rate by 0.25% to 2.25% during its April monetary policy meeting.
The three-month Euribor rate rose to 2.161%, while the six-month Euribor, a benchmark for variable-rate housing loans in Portugal, increased to 2.134%. The twelve-month Euribor also experienced a rise, reaching 2.069%. These rates reflect the average interest rates at which Eurozone banks lend to one another.
The ECB's next monetary policy meeting is scheduled for June 5, 2025, in Frankfurt. Financial markets are closely monitoring for further indications regarding potential future adjustments to interest rates.