Euro Interbank Offered Rate (Euribor)

EURIBOR (Euro Interbank Offered Rate) is the benchmark interest rate at which major European banks lend money to each other on the overnight or short-term markets. It reflects the borrowing costs for banks in the Eurozone and serves as a reference for various financial products like loans, mortgages, and derivatives. Calculated daily through surveys of prominent banks, EURIBOR provides insight into the European interbank lending environment and influences interest rates for consumers and businesses across the Eurozone.