Whois & Analysis for global-rates.com

The Euro Interbank Offered Rate (Euribor) is a daily reference rate, published by the European Money Markets Institute, based on the averaged interest rates at which Eurozone banks offer to lend unsecured funds to other banks in the euro wholesale money market (or interbank market).

Prior to 2015, the rate was published by the European Banking Federation.

Eonia (Euro OverNight Index Average) is computed as a weighted average of all overnight unsecured lending transactions in the interbank market, undertaken in the European Union and European Free Trade Association (EFTA) countries by the Panel Banks.

It is reported on an ACT/360 day count convention and is displayed to three decimal places.

The London Interbank Offered Rate is the average of interest rates estimated by each of the leading banks in London that it would be charged were it to borrow from other banks.

It is usually abbreviated to Libor or LIBOR, or more officially to ICE LIBOR (for Intercontinental Exchange Libor).

It was formerly known as BBA Libor (for British Bankers' Association Libor or the trademark bbalibor) before the responsibility for the administration was transferred to Intercontinental Exchange.

It is the primary benchmark, along with the Euribor, for short-term interest rates around the world.

In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time resulting in a loss of value of currency.

An interest rate, is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum).

The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited or borrowed.