Current Euribor Interest Rates
What is Euribor?
The Euro Interbank Offered Rate (Euribor) is an interest rate based on the average interest rates at which a panel of 57 European banks lend money to one another. The Euribor interest rates are calculated daily and made public at 11:00 Central European Time.
The Euribor rates come in differtent maturities: 1, 2 en 3 weeks and 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12 months. The overnight rate for unsecured interbank lending in the euro-zone is called the Eonia rate.
The Euribor interest rates are being used as a reference rate for a lot of financial products, for example derivatives like swaps. A lot of banks use the Euribor interest rates also to determine their rates on products like mortgages, savings accounts and loans.
