The History of Euribor and Its Impact on Interest Rates
Explore the origins of Euribor, its evolution, and its impact on interest rates.
Explore the origins of Euribor, its evolution, and its impact on interest rates.
Two of the most important benchmark rates today are the Euro Interbank Offered Rate (Euribor) and the Secured Overnight Financing Rate (SOFR). While Euribor primarily affects European financial markets, SOFR is the leading benchmark in the United States.
Each business day, a pre-selected panel of European banks submits the interest rates at which they believe they could borrow funds from other banks. These rates are provided for different maturities, such as 1 week, 1 month, 3 months, 6 months, and 12 months.
Euribor (Euro Interbank Offered Rate) plays a crucial role in the European financial landscape. It affects various aspects of personal finance, including mortgage rates, savings accounts, and business loans.