What is 1 month libor rate

what is 1 month libor rate

What is Euribor?

The Euro Interbank Offered Rate (Euribor ) is an interest rate based on the average interest rates at which a panel of European banks lend money to one another. The Euribor interest rates are calculated daily and made public at 11:00 Central European Time.

Until the 1th of November 2013, the Euribor rates came in 15 maturities: 1, 2 and 3 weeks and 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12 months. However, Euribor-EBF decided to discontinue Euribor fixing for a number of maturities (3 weeks and 4, 5, 7, 8, 10 and 11 months). The overnight rate for unsecured interbank lending in the euro-zone is called the Eonia rate .

The Euribor interest rates are being used as a reference rate for a lot of financial products, for example derivatives like swaps. A lot of banks use the Euribor interest rates also to determine their rates on products like mortgages, savings accounts and loans.

Current Euribor interest rates:

In the following table we show the latest Euribor rates. For more information, click on the links in the table.

Important notice: due to a change of policy by the Euribor EBF organisation, as of March 1th 2014 euribor rates are available to the general public with a 24 hour delay only. No website or other source is allowed to publish realtime Euribor data anymore publically.

Source: www.homefinance.nl

Category: Forex

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