What is the Euribor?

The Euribor is the Euro Interbank Offered Rate, which is a daily reference rate that reflects the average interest rate at which Eurozone banks offer to lend unsecured funds to other banks in the Eurozone financial market. It is based on the average interest rates at which a panel of European banks lend to one another in the Euro interbank market for a specific period of time, usually overnight, but also for longer periods such as one week, one month, three months, six months, and one year.

The Euribor is calculated and published by the European Money Markets Institute (EMMI) on a daily basis at around 11:00 a.m. CET (Central European Time). It is used as a benchmark for a wide range of financial products, such as variable rate mortgages, business loans, and financial derivatives.