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The Euribor (before known as an acronym but most recently known as a standalone word) is a daily reference rate, published by the European Money Markets Institute, [1] based on the averaged interest rates at which Eurozone banks borrow unsecured funds from counterparties in the euro wholesale money market (before only in the interbank market).
This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... 19 December 2024 [12] 0.63 4.37
In April 2011, the ECB raised interest rates for the first time since 2008 from 1% to 1.25%, [35] with a further increase to 1.50% in July 2011. [36] However, in 2012–2013 the ECB sharply lowered interest rates to encourage economic growth, reaching the historically low 0.25% in November 2013. [1]
In June 2024, the European Central Bank (ECB) started to cut its main interest rate for the eurozone from an all-time high of 4%. After a series of cuts it now stands at 3%.
All focus was on the ECB, which is considered almost certain to trim rates by a quarter point to 3.75% on Thursday, which would make it the first major central bank to cut rates this cycle.
The European Central Bank on Thursday confirmed a widely anticipated reduction in interest rates at its meeting in Frankfurt, Germany, despite lingering inflationary pressures in the 20-nation ...