The London Interbank Offered Rate (or LIBOR, pronounced /ˈlaɪbɔr/) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market (or interbank market). LIBOR will be slightly higher than the London Interbank Bid Rate (LIBID), the rate at which banks are prepared to accept deposits.
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London Interbank Offered Rate.
Libor was created in 1984.
LIBOR rates are published everyday at 11GMT. Check the related links on where to find the LIBOR information
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