Euribor: last of the ibors faces growing threat

The Euribor, or euro interbank offered rate, is not only a key reference rate for products such as savings accounts and mortgages – it is also a benchmark for interest rate swaps that allow corporates to borrow money at more favourable rates.

The authors of a research note published by ING in July referred to the widening of the Euribor-€STR basis as an example of how tighter financing conditions are feeding through to various corners of the economy and markets.