Euro Interbank Offered Rate

The Euro Interbank Offer Rate (Euribor) is a reference rate based on the average interest rate that a large number of Eurozone banks borrow funds from each other. The loan term used to calculate Euribor ranged from one week to one year.

The Euribor interest rate is considered the benchmark interest rate in the European currency market because it provides the basis for the prices and interest rates of various financial products (such as interest rate swaps, interest rate futures, savings accounts, and mortgages). Because of its importance, many professionals and individuals strictly monitor the rise of Euribor interest rates.