Tuesday, December 16, 2008

LIBOR Rates Fall: Historical and Current London Interbank Offered Rates at a Glance

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.

Current LIBOR Rates
Term Rate
1-month 0.88%
3-months 1.85%
6-months 2.17%
12-months 2.37%

Data from Current and Historical Libor Rates at at Glance


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