EUR LIBOR

Reference rates.

The former LIBOR reference rate for transactions in euro.

Also written 'Euro LIBOR'.

It ended with effect from January 2022.

Successor risk-free rates in euro include €STR.

LIBOR ended in September 2024.

The end of LIBOR

"Yesterday, 30 September 2024, the remaining synthetic LIBOR settings were published for the last time and LIBOR came to an end. All 35 LIBOR settings have now permanently ceased.

The transition away from LIBOR, once referenced in an estimated $400 trillion of financial contracts, has made financial markets safer, more stable and fit for modern use. UK regulators, their international counterparts and market participants have worked together over the past decade to move to risk-free rates (“RFRs”), based on robust data.

Synthetic LIBOR was a temporary bridge to give firms more time to move outstanding legacy LIBOR-linked contracts towards alternative RFRs, allowing for an orderly cessation."

Press release - Bank of England - 1 October 2024.

See also

• Bank of England
• €STR
• EURIBOR
• euro
• Financial Conduct Authority
• LIBOR
• Reference rate
• Risk-free rates

Other resources

• The end of LIBOR - Press release - Bank of England - 1 October 2024

• Changes to LIBOR as of end-2021 - Financial Conduct Authority