Interbank Offer Rate

Interbank Offer Rate

The interest rate that banks in a jurisdiction charge one another for short-term, interbank loans. Major interbank offer rates, notably LIBOR and HIBOR, are considered key benchmark interest rates in the wider economies. Interest rate swaps, for example, often use an interbank offer rate as the reference rate for the floating payer.
References in periodicals archive ?
Repayment of the loan will be over two year with a spread of 250 basis points over the Luanda Interbank Offer Rate (Libor).
Conventional loans more typically are keyed to the Prime rate or to the London Interbank Offer Rate (LIBOR) index.
Prime rate or the London Interbank Offer Rate (LIBOR) index," he noted.