What is LIBOR & how does it work?

What is LIBOR? LIBOR stands for London InterBank Offered Rate. Originally, LIBOR was an indicative average interest rate at which a selection of banks were prepared to lend one another unsecured funds on the London money market. In the past there were 150 LIBOR interest rates: 10 different currencies and 15 maturities per currency.

What does Libor stand for?

Graph and download economic data for 3-month London Interbank Offered Rate (LIBOR) from 1962-01-02 to 2024-05-31 about libor, academic data, 3-month, maturity, Treasury, interest rate, interest, 5-year, rate, USA, and 3-year.

What is LIBOR (London Interbank Offered Rate)?

LIBOR (London Interbank Offered Rate) or ICE LIBOR (previously BBA LIBOR) is a benchmark rate that some of the world’s leading banks charge each other for short-term loans. It stands for Intercontinental Exchange London Interbank Offered Rate and serves as the first step to calculating interest rates on various loans throughout the world.