Portugal · Country watch

Euribor Rates Rise, BCE Holds Interest Rates

Euribor rates increase, affecting housing loans, while the ECB maintains deposit rates, impacting financial planning.

Florent Kalfon · 29 October 2026 · 14 articles read

The picture Stable How this is judged →

Business conditions in Portugal remain stable with the ECB maintaining interest rates and Euribor rates rising, impacting financial planning. Political discussions on housing may lead to policy changes, but immediate effects are limited.

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In this briefing Euribor · European Central Bank · António José Seguro · Socialist Party (Portugal)

Markets

Finance
Public sector

Euribor Rates Rise Across Three Key Terms

black and white digital device — KOBU Agency / Unsplash

The Euribor rates for three, six, and twelve months have increased, with the six-month rate, now the most used in Portugal for variable-rate housing loans, rising to 2.973%, up 0.013 points from Wednesday, according to Jornal Económico. This marks a significant change for borrowers and lenders, as the six-month Euribor has been a benchmark for housing loans since January 2024.

Impact Borrowers with variable-rate housing loans in Portugal face higher interest payments due to the Euribor rate increase.

Sources: Jornal Económico ↗

Finance

ECB Maintains Deposit Rate at 2.5%

The European Central Bank (ECB) has decided to keep its deposit rate unchanged at 2.5%, as expected by market analysts, according to Expresso. The decision aligns with previous market expectations and follows two rate hikes earlier this year. Analysts anticipate a potential rate increase in December, which would be the last opportunity for a change this year.

Impact Financial planners and investors in Portugal must consider stable ECB rates for now, with potential changes in December.

Watch The ECB's next meeting and potential rate decision in December.

Sources: Expresso ↗

Politics

Public sector
Construction

Parties Call for Housing Policy Consensus

António José Seguro, leader of the Socialist Party, has called a Council of State meeting to discuss social cohesion in response to ongoing housing protests, Público reports. Various political parties, including CDS, PAN, and JPP, are urging for agreements on housing policies. The discussions aim to address the public unrest and seek a unified approach to the housing crisis.

Impact Real estate developers and public-sector planners in Portugal may see new policy directions from ongoing political discussions.

Sources: Público ↗

Nothing significant reported today in Regulation · Disruption · Internal tension · Safety & health · Companies · Trade.

Also today in the local press

Fed reduz número de reuniões sobre taxas de juro a partir de 2027 — RTP
Volkswagen vê prejuízo trimestral subir para 5,8 mil milhões face à concorrência chinesa — RTP
BCE mantém taxas de juro inalteradas após agravamento de setembro — RTP
Taxas de juro do BCE e 4 outras coisas que precisa de saber para começar o dia — Jornal de Negocios
Exportações aumentam 6,5% e importações 3,6% no 3.º trimestre — RTP
Resultados trimestrais dão gás às bolsas europeias com petrolíferas em destaque. BBVA contraria e cai 5% — Jornal de Negocios
Wall Street reage em alta à decisão da Reserva Federal manter a taxa de juro — RTP
O que o PS quer no OE e onde pode contrariar o Governo — Observador

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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