The Selic fell for three, six and 12 months compared to Monday, but ends March with the monthly average rising significantly in all three terms.
With the changes this Tuesday, 31st, the three-month rate, which fell to 2.079%, continued below the six-month (2.475%) and 12-month (2.870%) rates.
In relation to the monthly average of the Selic in March, it rose in the three terms, but more sharply in the longer terms.
The monthly Selic average in March rose 0.098 points, to 2.109% in three months. In six and 12 months, the Selic average advanced 0.178 points to 2.322% and 0.344 points to 2.565%.
The six-month Euribor rate, which in January 2024 became the most used in Portugal in housing loans with variable rates, fell today, being set at 2.475%, 0.054 points less than on Monday.
Data from the Bank of Portugal (BdP) for January indicate that the six-month Euribor represented 38.93% of the stock of loans for permanent home ownership with variable rates.
The same data indicates that the 12- and three-month Euribor represented 31.78% and 24.98%, respectively.
Within 12 months, the Selic also fell today, to 2.870%, 0.062 points less than in the previous session.
In the same sense, the three-month Euribor fell today, being set at 2.079%, minus 0.043 points.
On March 19, the ECB maintained key rates, again, for the sixth consecutive monetary policy meeting, as had been anticipated by the market and after eight reductions in them since the entity began the cutting cycle in June 2024.
The ECB’s next monetary policy meeting takes place on April 29 and 30 in Frankfurt, Germany.
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.
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