This is the rate bid by banks on eurocurrecy deposits.
Investopedia Says:
This would be the international rate that banks lend to other banks.
| Investment Dictionary: London Interbank Bid Rate - LIBID |
This is the rate bid by banks on eurocurrecy deposits.
Investopedia Says:
This would be the international rate that banks lend to other banks.
| 5min Related Video: London Interbank Bid Rate - LIBID |
| Banking Dictionary: London Interbank Bid Rate (Libid) |
Key interest rate at which major banks in the London Interbank Market are willing to borrow funds from each other, as opposed to the lending rate (the London Interbank Offered Rate) quoted by banks willing to lend surplus Eurodollar deposits. The bid rate is the lower of the two interest rates.
| London Interbank Bid Rate |
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