With today's changes, the three-month Euribor, which fell to 3.882%, remains above the six-month rate (3.844%) and the 12-month rate (3.718%). The six-month Euribor rate, which became the most used in Portugal for variable rate housing loans and which was above 4% between September 14 and December 01, fell today to 3.844%, down 0.006 points, after having risen on October 18 to 4.143%, a new high since November 2008. Data from the Bank of Portugal (BdP) for February indicate that the six-month Euribor is the most used, representing 36.6% of the 'stock' of loans for permanent housing with a variable rate. The same data indicate that the 12 and three-month Euribor represented 34.7% and 24.6%, respectively. In the 12-month period, the Euribor rate, which was above 4% between June 16 and November 29, also fell today, to 3.718%, down 0.016 points from the previous session, against the high since November 2008, of 4.228%, registered on September 29. Similarly, the three-month Euribor fell, being fixed at 3.882%, down 0.009 points, after having risen on October 19 to 4.002%, a new high since November 2008. At the monetary policy meeting on April 11, the ECB kept the benchmark interest rates at the highest level since 2001 for the fifth consecutive time, after having made 10 increases since July 21, 2022. The next ECB monetary policy meeting will be held on June 06 in Frankfurt. The average Euribor in March remained at 3.923% at three months, fell 0.006 points to 3.895% at six months (against 3.901% in February) and rose 0.047 points to 3.718% at 12 months (against 3.671%). The Euribor started to rise more significantly from February 04, 2022, after the ECB admitted that it could raise the key interest rates due to the increase in inflation in the eurozone and the trend was reinforced with the beginning of the invasion of Ukraine by Russia on February 24, 2022. The three, six and 12-month Euribor rates recorded all-time lows of -0.605% on December 14, 2021, -0.554% and -0.518% on December 20, 2021, respectively. The Euribor is set by the average of the rates at which a group of 19 eurozone banks are willing to lend money to each other on the interbank market. Read Also: Portuguese Milestone wants to hire more than 30 employees this year (Portuguese version)