euro interbank offered rate (EURIBOR)

What is euro interbank offered rate (EURIBOR)?

euro interbank offered rate (EURIBOR) definition and meaning on Finance terms:
The rate at which a prime bank is willing to lend funds in euro to another prime bank. The EURIBOR is calculated daily for interbank deposits with a maturity of one week and one to 12 months as the average of the daily offer rates of a representative panel of prime banks, rounded to three decimal places. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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