ECB's 5 June Council Meeting Pencils Portugal's Mortgage Reset Path — 12-Month Euribor Reference, the 3.31% Portuguese 10-Year and the BdP CCyB at 0.75% Tee the Lisbon Read
Thursday's ECB Council meeting carries directly into Portuguese mortgages via the 12-month Euribor and into the 3.31% Portuguese 10-year via the Bund spread. Markets attach 75% probability to a 25bp cut.