Euribor's Three- and Six-Month Rates Hit Fresh Highs, Nudging Up Portugal's Variable Mortgages
The three- and six-month Euribor rates both climbed to their highest levels in more than a year, with the six-month benchmark — the reference for the largest share of Portuguese variable mortgages — reaching 2.717%. The rebound follows the ECB's surprise quarter-point rate rise on 11 June, its first