What is a 3 month LIBOR interest rate?

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.

What does usd3-month Libor mean?

USD 3-Month LIBOR means, with respect to an Observation Period, 3 month USD LIBOR, as such rate appears on the Reuters Screen LIBOR01 Page as of or around 11:00 a.m., London time, on any London Business Day during such Observation Period. The TRS contract will use the USD 3-Month LIBOR as published T-2 days from the IMM date.

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.