The rate at which a prime bank is willing to lend funds in euro to another prime bank. The EURIBOR is calculated daily for interbank deposits with a maturity of one week and one to 12 months as the average of the daily offer rates of a representative panel of prime banks, rounded to three decimal places.
EURO INTERBANK OFFERED RATE
Meaning of EURO INTERBANK OFFERED RATE in English
European Central Bank English Glossary. Английский глоссарий Европейского Центрального Банка. 2012