BCE
Published 3 November 2026, 09:35
BCE — Banco Central Europeu (the European Central Bank, ECB)
The central bank of the euro area. It sets the key interest rates, which Euribor follows, and almost every variable-rate mortgage in Portugal is linked to Euribor. Monetary policy meetings are held roughly every six weeks.
Where you come across it. News about interest rates and letters from your bank about recalculating your mortgage payment.
A BCE decision does not change your payment the same day: it is recalculated on the review date set in your contract, every three, six or twelve months.
Official website: ecb.europa.eu