Euribor introduction and background |
Euribor is a reference rate used in the Eurozone and which plays an important role in international money markets. A group of reporting banks report their interbank overnight lending rates to calculate the benchmark figure.
EURIBOR is calculated daily across multiple maturities, ranging from overnight to one year. The rates are compiled by a panel of leading banks based on their observations of actual interbank lending rates. These rates are then averaged to establish the EURIBOR benchmark, which plays a pivotal role in influencing financial market trends and decisions.
Financial institutions, corporations, and governments employ EURIBOR as a yardstick to determine borrowing costs and adjust their interest rate policies. The rate’s responsiveness to economic conditions, coupled with its widespread use position it as a crucial indicator of monetary policy effectiveness and economic health within the Eurozone.
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