Euribor stands for the Euro Interbank Offered Rate, which is a benchmark interest rate that reflects the average rate at which European banks lend money to one another. It is calculated daily based on the rates submitted by a panel of banks and is widely used as a reference for various financial products, including mortgages and loans in the Eurozone. The Euribor rates are published for different maturities, ranging from one week to twelve months. Changes in these rates can influence borrowing costs for consumers and businesses, making it an important indicator of the overall economic environment in Europe.