Euribor

The Euribor is an unsecured market reference rate for different maturities (one week and one, three, six, and twelve months).

Its administrator is the European Money Markets Institute (EMMI). To adapt this index to the EU Benchmark Regulation, the EMMI has specified the definition of Euribor as the interest rate at which banks in the European Union and the European Free Trade Association can borrow funds in the unsecured wholesale market.

The EMMI is also gradually introducing a new calculation method for Euribor, called ‘hybrid.’ This calculation method is based, as much as possible, on actual transactions, although it also uses expert judgment in cases where actual transactions are not available.

General notes to the statistics on interest rates applied by MFIs to euro area residents.