1 year LIBOR rate
1 year LIBOR rate
1-year LIBOR (London Interbank Offered Rate) rate is the stated rate of interest at which banks in the London wholesale money markets may borrow funds from one another for one year. The British Bankers' Association resets the 1-year LIBOR rate daily, based on an average of global interbank deposit rates. LIBOR rates tend to follow global interest rate trends and are therefore frequently used as the benchmark index for adjustable-rate mortgages.
6.05
5.78
