The three month US Dollar LIBOR interest rate is the average interest rate at which a LIBOR contributor bank can obtain unsecured funding in the London interbank market for a three month period in US dollars. Compare Interbank Rate by Country Interbank Rate in the United States remained unchanged at 5.59 percent on Wednesday May 22.
Is USD LIBOR at an All-Time Low?
We have been getting a few queries on USD libor rates and wanted to provide details for 3 months USD libor and 6 months USD libor USD Libor is at an almost all-time low due to the sharp interest rate cuts from the Fed on the back of the COVID-19 scare. Current Fed futures indicating no change in the Fed fund rate by 2023.
Is the 3-month USD LIBOR rate fixed or guaranteed?
The 3-month USD LIBOR rate is not fixed or guaranteed by any authority. It is determined by the market forces of supply and demand, as well as by the trust and confidence among banks.
