Euribor Education Hub
Your comprehensive guide to understanding Euribor rates and their impact on European finance
What is Euribor?
Euribor (Euro Interbank Offered Rate) is a key benchmark interest rate at which European banks lend funds to one another. It serves as a reference rate for millions of mortgages, loans, and financial contracts throughout the Eurozone.
Euribor rates are calculated for different maturities (1 week, 1 month, 3 months, 6 months, and 12 months) and are published daily at 11:00 CET by the European Money Markets Institute (EMMI).
Learn more about Euribor
The History of Euribor
Explore the origins of Euribor, its development since the introduction of the Euro, and how it has evolved over time.
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How Euribor Affects Your Mortgage
Learn how Euribor rates directly influence variable-rate mortgages and what changes in these rates mean for your monthly payments.
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Euribor Calculation Methodology
Understand the technical details of how Euribor rates are calculated, the panel banks involved, and the governance process.
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Euribor vs. Other Benchmarks
Compare Euribor with other important financial benchmarks like LIBOR, EONIA, €STR, and understand their relationships.
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Euribor and ECB Monetary Policy
Explore how European Central Bank decisions influence Euribor rates and the transmission mechanism of monetary policy.
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Forecasting Euribor Rates
Learn about the factors that influence future Euribor movements and methodologies used to predict rate changes.
Read the full guide →Frequently Asked Questions
- What does Euribor stand for?
- Euribor stands for Euro Interbank Offered Rate. It represents the average interest rate at which a panel of European banks lend unsecured funds to one another in the interbank market for various maturities.
- How often are Euribor rates updated?
- Euribor rates are calculated and published daily at 11:00 CET by the European Money Markets Institute (EMMI), based on submissions from a panel of contributor banks.
- Which Euribor maturities are available?
- Currently, Euribor is calculated for five maturities: 1 week, 1 month, 3 months, 6 months, and 12 months. Previously, there were additional maturities (2 weeks, 2 months, 9 months), but these were discontinued in 2018.
- How does Euribor affect my mortgage?
- If you have a variable-rate mortgage, your interest rate is typically calculated as a specific Euribor rate (often 12-month or 6-month) plus a fixed margin set by your bank. When the relevant Euribor rate changes, your mortgage interest rate will adjust accordingly at predetermined reset dates.
- Can Euribor rates be negative?
- Yes, Euribor rates can be and have been negative. From 2015 to 2022, several Euribor maturities were in negative territory. This unusual situation was a result of the European Central Bank's accommodative monetary policy following the European debt crisis.
- Who oversees Euribor?
- Euribor is administered by the European Money Markets Institute (EMMI), which is responsible for its calculation, publication, and governance. EMMI ensures the benchmark complies with the EU Benchmarks Regulation (BMR).
Additional Resources
European Money Markets Institute (EMMI)
The official administrator of Euribor, providing daily rates, methodology documentation, and governance information.
Visit resource →European Central Bank (ECB)
Access monetary policy decisions, economic research, and statistical data related to Eurozone interest rates.
Visit resource →European Banking Federation
Industry insights on European banking regulations, interest rate benchmarks, and financial market developments.
Visit resource →International Swaps and Derivatives Association (ISDA)
Information on benchmark transition, fallback provisions, and the use of Euribor in financial contracts.
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