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General TradingE
Euro Interbank Offered Rate
The Euro Interbank Offered Rate (Euribor) is the average interest rate at which eurozone banks lend to each other on an unsecured basis. It serves as a benchmark for various financial products including mortgages, savings accounts, and derivatives.
Example
“The 3-month Euribor rate rose to 3.9%, its highest level since 2008, causing adjustable-rate mortgage payments across the eurozone to increase and putting pressure on consumer spending.”