EURIBOR, or Euro Interbank Offered Rate, is a benchmark interest rate reflecting the average interest rates at which a panel of European banks lend to one another.
Calculated daily, it’s widely used in financial markets as a reference for setting the interest rates on various financial products, such as adjustable-rate mortgages and business loans.
EURIBOR serves as a key indicator for economic stability and monetary policy in the Eurozone. It provides insight into the cost of borrowing for financial institutions and impacts interest rates throughout the Eurozone.
