Euriborviitekorkot

Euriborviitekorkot, commonly referred to as Euribor rates, are benchmark interest rates for the euro currency. Euribor stands for Euro Interbank Offered Rate. These rates represent the average interest rate at which a selection of European banks lend to one another in the interbank market for short-term, unsecured loans. Euribor is published by the European Money Markets Institute (EMMI).

There are different Euribor rates, denominated by the loan period. The most common maturities are one week, one month, three months, six months, and twelve months. For example, the 3-month Euribor is the rate for a three-month loan. These rates are important indicators of the overall cost of borrowing for banks and, by extension, for consumers and businesses.

Euribor rates are calculated daily based on submissions from a panel of major European banks. These banks provide their estimated interest rates for lending to other banks. The highest and lowest submissions are typically excluded to mitigate the impact of outliers, and the remaining rates are averaged to produce the official Euribor rate for each maturity.

Euribor rates are widely used as a reference rate in financial contracts. Many variable-rate mortgages, consumer loans, and other financial products in the Eurozone have their interest rates linked to a specific Euribor rate, often with an added margin. This means that when Euribor rates rise, the cost of borrowing for individuals and companies with such contracts also increases, and vice versa. The Euribor rates are a key element in monetary policy transmission and financial market pricing within the euro area.