Euro Interbank Offer Rate - Euribor
Euribor: an endangered species in the eurozone.
Er, okay. Euribor is the Euro Interbank Offer Rate, which is a reference interest rate that's calculated by averaging out the interest rates from all those countries (for short-term lending) in the eurozone club.
Euribor is a benchmark that helps banks figure out how much to lend out or borrow, kind of keeping everyone on the same economic page for things like mortgages, savings accounts, car loans, and other securities.
The Euribor kind of serves the same purpose as LIBOR in the US and the UK, if you aren't bored with the -bors by now.
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Finance: What is LIBOR?21 Views
Finance allah shmoop what is a lie Boer No it's
not the result of these two zoo animals Mating lie
Boer stands for london interbank offering rate And it's basically
just the british quote fed unquote central bank rate reflecting
the absolute lowest interest rate at which the british banking
system well loan money to its best Most well heeled
customers like you know sainsbury's and bp and barclays and
the guy who plans royal weddings So library is the
best or cheapest rate at which the british banking system
will lend money Most loans come at some premium to
lie before i risk your loans might come in something
like on a live or plus fifty basis points or
something like that so that if lie boris currently quoted
at two point two five percent interest well then the
lie bore plus fifty loan would be loaned out at
two point seven five percent interest And libras important has
been around forever and much of the world uses it
as thie pegging number two then add some risk percentage
on top of it when they quote loans to whoever
they're loaning money to That's basically it No need for 00:01:08.819 --> [endTime] any wild animals teo you know get wild
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