cookie

This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.

Allow all
top icon

This website is operated by Moneta Markets Ltd, which is not authorised or regulated by the UK Financial Conduct Authority (FCA) and does not offer or promote services to UK residents. Access to this website is restricted in the UK and the content is not intended for distribution to, or use by, any person located in the UK. If you believe you have reached this website in error, please exit the page now

LIBOR (London Interbank Offered Rate)

BBack

Back to Glossary

Description

The average interest rate at which leading banks borrow funds on a short-term basis from other banks in the London market, used as a benchmark.

LIBOR was the benchmark for short-term interest rates among banks but is being phased out due to manipulation scandals in 2012 that damaged market trust. It’s being replaced by various rates from around the world.

Start Trading in 3 Simple Steps

1
REGISTER

Open a live account and start trading in just minutes.

2
FUND

Fund your account using a wide range of funding methods.

3
TRADE

Access 1000+ instruments across all asset classes

open chat