London Interbank Offered Rate. This is the UK equivalent of the American Fed Funds Rate and refers to the interest rates charged by banks to other banks when exchanging monies. |
London Interbank Offered Rate. This is the interest rate that London banks charge when lending to one another in order to manage their balance sheets. The LIBOR is the equivalent of the American Federal Funds Rate and is used as a benchmark for other short term interst rates. |
