Euro Interbank Offer Rate (EURIBOR)
The rate of interest at which panel banks borrow funds from other panel banks, in marketable size, in the EU interbank market. Investopedia Says:
In other words, this is the rate at which participant banks within the European Union money market will lend to another participant bank in the EU money market. Because banks involved with Euribor are the largest participants in the EU money market, this rate has become the benchmark for short-term interest rates. Related Terms:
Benchmark
Emirates Interbank Offered Rate - EIBOR
Euro Deposit
Euro LIBOR
Euro Overnight Index Average - EONIA
Interbank Rate
London Interbank Offered Rate - LIBOR
Money Market
Panel Bank
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