Interest rates expected to rise. Monthly payments may increase by up to 70 euros as early as this month · Bica

Housing

Interest rates expected to rise. Monthly payments may increase by up to 70 euros as early as this month

The European Central Bank (ECB) is signaling a likely 0.25 percentage point interest rate hike at its next meeting on September 10, 2026, aimed at curbing inflation. Anticipating this decision, Euribor rates have already hit two-year highs, which may lead to monthly mortgage payment increases of around 70 euros for a typical loan starting in September.

Why it mattersIf you have a variable-rate mortgage in Portugal, you should prepare for your monthly repayment to increase by approximately 70 euros starting in September due to rising Euribor rates.

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