Börsenlexikon: EURIBOR

The EURIBOR (European Interbank Offered Rate) serves as a reference interest rate for time deposits in euros in interbank business and is valid throughout the EU. This is intended to achieve a uniform euro money market. For this purpose, the reference banks transmit their ask rates for one to twelve-month deposits in interbank trading in the euro area to a screen service every morning at 11.00 a.m. CET. The EURIBOR was introduced on 1 January 1999 and has since replaced the FIBOR (Frankfurt Interbank Offered Rate) in Germany. The major daily newspapers publish this reference interest rate daily in their business section.