Euribor, or the Euro Interbank Offered Rate, is a key benchmark rate based on the average interest rates at which European banks lend funds to one another in the interbank market.
Euribor is the rate of interest at which banks within the Eurozone lend to one another. It's crucial for determining interest rates for various financial products throughout the region.
A Reference Rate is an interest rate benchmark used as a basis for pricing financial products such as loans, mortgages, and derivatives. It is crucial for consistent pricing across financial markets.
