Interbank Offer Rate

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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 ?
BANKING AND CREDIT NEWS-April 24, 2015-Deutsche Bank reaches joint settlement with US and UK regulators over interbank offer rates benchmarks
M2 EQUITYBITES-April 24, 2015-Deutsche Bank reaches joint settlement with US and UK regulators over interbank offer rates benchmarks
The statement of the central bank of Angola has revealed that the Interbank offer rates maintained its decline, which has started falling from the starting of the current year, with the Luibor (Luanda Interbank Offered Rate) overnight rate dipping by 19 basis points in July to reach 5.20%.