Monday, June 1, 2015

LIBOR

LIBOR stands for London Interbank Offered Rate. The world's most widely used benchmark for short term bank borrowing rates.
LIBOR is the average interbank interest rate at which a selection of banks on the London money market are prepared to lend to one another. LIBOR comes in 7
maturities (from overnight to 12 months) and in 5 different currencies. The official LIBOR interest rates are announced
once per working day at around 11:45 a.m. In the past, the BBA/ICE published LIBOR rates for 5 more currencies
(Swedish krona, Danish krone, Canadian dollar, Australian dollar and New Zealand dollar) and 8 more maturities (2
weeks, 4, 5, 7, 8, 9, 10 and 11 months).
LIBOR is watched closely by both professionals and private individuals because the LIBOR interest rate is used as a base rate (benchmark) by banks and other financial institutions. Rises and falls in the LIBOR interest rates can therefore have consequences for the interest rates on all sorts of banking products such as savings accounts, mortgages and loans.
This site shows you the current and historic rates for all LIBOR interest rates. The interest rates on this site are
updated daily at around 6.00 p.m. (CET) so that you always have access to current, almost real-time LIBOR information. The table below shows a summary of the current rates for all LIBOR interest rates. If you click on the
links you will be able to view extensive current and historic information for the maturity concerned. The tabs allow you
to view the LIBOR interest rates for other currencies. At the bottom of the page you will find links to other pages with LIBOR information.