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What does Euribor mean?

The Euribortarief (Euro Interbank sacrificed rate) is the average interest rate at which euro area banks are prepared to provide each other with loans in euros. The determination of Euribor is based on banks with a very good credit rating. The Euribor has been in existence since 1999, at the start of the use of the euro. The Euribor is supported by the FBE, the Federation of European Banks

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