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The Lisboeta

Short-term Euribor mixed across maturities

Monday, 16 February 2026AI summary

💶 Finance #euribor #interest-rates #expat-finances #cost-of-living

Short-term Euribor mixed across maturities — Photo: ECO

Euribor rates moved unevenly on Monday: the three-month rate held at 1.999%, the six-month rose to 2.155% while the 12-month fell to 2.236%. The three-month rate remains below the six- and 12-month rates, a pattern that affects variable-rate mortgages tied to short-term fixings. Variable-rate borrowers and those renewing mortgages should watch the short-term curve and talk to lenders about how shifts may alter monthly payments. Mortgage holders tied to Euribor should monitor future fixings and lender communications.

Update: ECO confirms today's mixed Euribor fixings

ECO's market note records the same fixings — three-month 1.999%, six-month 2.155%, twelve-month 2.236% — and reiterates that the three-month fixing remains below longer maturities, a pattern that can affect monthly payments for variable-rate borrowers.

Context & Explainers

Euribor (Euro Interbank Offered Rate) is the benchmark interest rate at which European banks lend to one another and is widely used as the reference for variable‑rate mortgages in Portugal. Changes affect monthly payments directly: the recent figures reported were 2.034% (3‑month), 2.104% (6‑month) and 2.255% (12‑month), so a rising Euribor typically increases costs for borrowers with tracker or variable loans.