What the London interbank offered rate(LIBOR)? Back to list

Member SinceNov 29, 2022

Posts 23

Torres

Nov 30, 2022 a 02:51
The London Interbank Offered Rate (LIBOR) is a benchmark interest rate used by major global banks in the international interbank market to lend to one another for short-term loans.

LIBOR (London Interbank Offered Rate) is a globally recognized key benchmark interest rate that indicates borrowing costs between banks. The Intercontinental Exchange (ICE) calculates and publishes the rate every day, but due to recent scandals and questions about its validity as a benchmark rate, it is being phased out.

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