JIBOR(redirected from Jakarta Inter-Bank Offer Rate)
Jakarta Interbank Offer Rate. The interest rate participating banks offer to other banks for loans to each other. JIBOR may be used as a benchmark for short-term interest rates in Asia. It may also be used in other transactions, such as swaps. For example, an interest rate swap may give the floating rate as "JIBOR +/- X base points." See also: LIBOR, EURIBOR.
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