Updated 5/27/2009 | This week | Month ago | Year ago |
1 Month LIBOR Rate | 0.32 | 0.43 | 2.38 |
3 Month LIBOR Rate | 0.66 | 1.04 | 2.64 |
6 Month LIBOR Rate | 1.22 | 1.58 | 2.85 |
1 Year LIBOR Rate | 1.53 | 1.92 | 3.07 |
Definition: LIBOR is the London Interbank Offered Rate. It is a daily reference rate based on the interest rates banks in the London wholesale money market (or interbank market) offer to lend unsecured funds to each other. LIBOR is usually slightly higher than the London Interbank Bid Rate (LIBID). LIBID is the rate the same banks are prepared to accept deposits.
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