London Interbank Offer Rate - LIBOR

London Interbank Offer Rate - LIBOR

This is the rate of interest at which banks borrow funds, in marketable size, from other banks in the London interbank market.

Notes:

In other words, LIBOR is the international rate that banks borrow from other banks at.

This is the most widely used benchmark or reference rate for short term interest rates.

See also: Euro Overnight Index Average - EONIA, Euro Interbank Offer Rate - EURIBOR, Eurocurrency, Euro LIBOR, LIBID