London Interbank Offered Rate. It's a benchmark for rates like prime or fed funds rate.
Libor is the London Interbank Offered Rate. This rate is used for short term loans and interest rates. It is also the rate that banks use to know who is worthy of getting credit and who is not.
The current Libor rate for June 26, 2013 is .68 for a one year loan and ranges between .19 - .41 for one to six month loans. The Libor rate is not fixed and is subject to change based on market conditions.
Libor rate history in finances is a common interest rate index, which is used to adjust adjustable mortgagee rates. The importance of libor rate history when referring to finances is important to investors as well as business owners who are a part of the indexes.
* The Libor rise is simply the result of continued concern over the health of the banking system. Banks are demanding higher rates to lend to each other. In fact, the term Libor markets have effectively seized up with very little trading happening
Fedprimerate is updated regularly with the current libor rate. As it is likely to change, it is wise to check it just before you need the information provided.
Libor was created in 1984.
LIBOR rates are published everyday at 11GMT. Check the related links on where to find the LIBOR information
Libor Charfreitag was born in 1977.
Libor Dvořák was born in 1957.
Libor Zábranský was born in 1973.
Libor Capalini was born in 1973.
Libor Rouček was born in 1954.
Libor Procházka was born in 1974.
Ullrich Libor was born in 1940.
Libor Nováček was born in 1978.
Libor Fára died in 1988.
Libor Fára was born in 1925.