EURIBOR May Be Gone In A Year

26 Jun 2013

The Euro Interbank Offered Rate may be phased out within a year and replaced with a different benchmark that may be based partly on bank estimates on the price of borrowing as well as actual market rates, as banks have distanced themselves from EURIBOR over alleged manipulation.

The Euro Interbank Offered Rate may be phased out within a year and replaced with a different benchmark that may be based partly on bank estimates on the price of borrowing as well as actual market rates, as banks have distanced themselves from EURIBOR over alleged manipulation.

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