Emirates Interbank Offered Rate (henceforth referred to as “EIBOR”) is the daily reference rate at which the Panel Banks are able and willing to access United Arab Emirates Dirham funding, in reasonable market size for a given tenor, from the UAE money market.
What is EIBOR ?
EIBOR is an abbreviation of The ‘ Emirates Interbank Offered Rate’ EIBOR, is a daily reference rate, published by the Central Bank of the UAE, based on the averaged interest rates at which UAE banks offer to lend funds to other banks in the United Arab Emirates dirham wholesale money market
What is the meaning of 3 Month EIBOR?
The 3 month EIBOR stands for the interest rate at which a panel of selected banks borrow funds from one another with a maturity of three months
What is the current 3 Month EIBOR rate ?
3 Month EIBOR rates also change daily, You can check it on the Central Bank of the UAE’s website here