Euríbor hoy - 10 things to know with detail
- 1. The Euríbor (Euro Interbank Offered Rate) is the average interest rate at which a selection of European banks lend money to one another.
- 2. The Euríbor is published daily by the European Money Markets Institute (EMMI) and is widely used as a reference rate for financial products such as variable-rate mortgages, loans, and derivatives.
- 3. The Euríbor is calculated based on the interest rates at which a panel of banks located in the Eurozone offer to lend euros to one another for various periods, ranging from overnight to one year.
- 4. The Euríbor is expressed as a percentage and is typically quoted with a specific maturity date, such as Euríbor 1 month, Euríbor 3 months, Euríbor 6 months, etc.
- 5. The Euríbor is influenced by various factors, including the European Central Bank's monetary policy, economic indicators, market sentiment, and liquidity conditions in the interbank lending market.
- 6. The Euríbor is used by banks to determine the interest rates they charge on loans and other financial products, as well as by investors to assess the risk and return of euro-denominated investments.
- 7. The Euríbor is often compared to other benchmark interest rates, such as the LIBOR (London Interbank Offered Rate), to gauge the health of the European banking system and the overall economy.
- 8. Changes in the Euríbor can have a significant impact on borrowers with variable-rate loans, as their monthly payments may increase or decrease depending on the movement of the benchmark rate.
- 9. The Euríbor has been subject to scrutiny and reform in recent years following the manipulation scandals that rocked the financial industry, leading to the development of alternative reference rates like the Euro Short-Term Rate (€STR).
- 10. It is important for consumers and investors to stay informed about the Euríbor and its implications for their financial decisions, as changes in the benchmark rate can have far-reaching consequences for the economy and the financial markets.