Norges Bank

Staff Memo

Nibor, Libor and Euribor – all IBORs, but different

Arne Kloster and Olav Syrstad
Staff Memo

This memo takes a closer look at what lays behind different benchmark interest rates. Particular emphasis is put on how the different practices for quotation can explain why Nibor's risk premium has on average been higher than the premiums in USD Libor and Euribor.

Staff Memos present reports and documentation written by staff members and affiliates of Norges Bank, the central bank of Norway. Views and conclusions expressed in Staff Memos should not be taken to represent the views of Norges Bank.

ISSN 1504-2596 (online)

Published 1 March 2019 10:16
Published 1 March 2019 10:16