Following Follow this topic Unfollow Follow this topic London Interbank Offered Rate ...more info An interest rate at which banks can borrow funds from other banks in the London interbank market. The rate is based on a filtered average of the world's most creditworthy banks' interbank deposit rates for larger loans with maturities ranging from between overnight to a year. The LIBOR rate is a benchmark for short-term interest rates. Sign up to comment Characters left: Attach images or documents You can only attach a maximum of 10 images Browse... Tag your Squawks to reach a wider audience. Close Say it now! Show next 3 calender events Be the first to write a squawk about London Interbank Offered Rate by typing into the box above.