Euribor

Euribor, short for Euro Interbank Offered Rate, is a benchmark interest rate that reflects the average rate at which banks in the eurozone are willing to lend to one another. It is calculated based on the rates at which a panel of European banks voluntarily offer to lend unsecured funds to each other in euros. Euribor is published daily and is available for various maturities, ranging from one week to twelve months.

Euribor serves as a key reference rate for numerous financial products, including mortgages, loans, and derivatives, impacting the cost of borrowing and the yields on savings throughout the euro area. It is an essential indicator of the health of the eurozone banking system and the overall economic climate, influencing monetary policy decisions made by the European Central Bank (ECB). The rate is crucial for financial markets and institutions, serving as a gauge for short-term interest rates in the region.