Glossary:EURIBOR

The EURIBOR® (or euro interbank offered rate) is the interest rate at which a prime bank (top international bank) is willing to lend funds in euro to another prime bank.

The EURIBOR®, a registered trademark of Euribor-EBF a.i.s.b.l., has been able to set itself up as a money market reference rate in the euro market which emerged after the euro’s introduction on 1 January 1999, due to

• the creation of a large integrated market with a single currency;
• an impressive panel of quoting banks of first-class credit standing;
• a code of conduct setting out strict rules for the panel banks;
• an independent steering committee of market experts, overseeing the application of the code and monitoring market developments.

Related concepts

• Interest rate
• Official lending rate for loans
• Three-month inter-bank rate

Statistical data

• Exchange rates and interest rates

Source

• Euribor®
• OECD glossary of statistical terms