LIBOR stands for London InterBank Offered Rate. It is the interest rate at which banks borrow money from one another when they are short of cash or have surplus.
The LIBOR is widely used as a reference rate for financial instruments such as
· forward rate agreements
· short-term-interest-rate futures contracts
· interest rate swaps
· inflation swaps
· floating rate notes
· syndicated loans
· variable rate mortgages
· currencies, especially the US dollar
The Libor rate is the Libor interest rate used by the banking and mortgage industries. This means that it has something to do with money and homes. It is also a percentage.
* 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
2
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.