Euribor is an indicator based on the interest rate that banks pay each other for loans in euro currency. It is used by financial institutions to calculate interest rates on loans and other financial instruments. Euribor is published daily by the European Confederation of Banks (ECB).
What exactly is Euribor? Definition of the term
Euribor is an indicator based on the overnight rates that banks pay each other to hold funds at the European Central Bank. The index is published daily and is used to determine the interest rate for the euro market. Euribor is calculated by the European Central Bank (ECB) and is considered the main interest rate indicator for the euro market. The Euribor index is published daily and can be used to compare the interest rate for other currencies. Euribor is considered the main interest rate indicator for the euro market because it is calculated by the European Central Bank (ECB). The Euribor index is published daily and can be used to compare the interest rate for other currencies.
What does Euribor depend on?
Euribor is an indicator based on the interest rate that is set by European banks. Euribor is used by banks to calculate interest rates on loans and advances to other banks and financial institutions in Europe. The index is published daily and is considered the most important interest rate indicator in Europe. Euribor is calculated by the European Central Bank (ECB) and is determined on the basis of surveys conducted by the ECB among European banks.
Euribor – how to check?
Mostly, banks quote their interest rates according to the WIBOR rate, which is the average interest rate offered by banks on the interbank market. However, sometimes banks may quote interest rates according to another rate – Euribor. This is the average interest rate at which banks send money to each other on the interbank market in the European Union.
As of March 2018, the current Euribor rate is -0.31%. The rate can change daily and is set by the European Money Markets Institute (EMMI) in cooperation with European banks. Euribor is used for, among other things: – determining the interest rate on mortgages denominated in the Swiss franc, – determining the interest rate on term deposits, – determining the yield on debt bonds issued by financial institutions in the European Union.
To check the current Euribor rate, you can use the EMMI website:
https://www.euribor-rates.eu/en/current-euribor-rates/
On this page you will find a table with current Euribor rates and an archive of data.
