Euribor (Euro Interbank Offered Rate)

Euribor (Euro Interbank Offered Rate) is the benchmark interest rate at which a group of European banks are willing to lend money to each other on the short-term interbank market. It reflects the average cost for banks to borrow funds in euros and influences the interest rates on various financial products like loans, mortgages, and savings accounts across the Eurozone. Euribor is published daily and varies depending on the maturity period (e.g., one week, one month). It serves as an important indicator of financial market conditions and overall economic health within the euro area.