What Is London Interbank Offer Rate (LIBOR)?

Patrick Curtis

Reviewed by

Patrick Curtis WSO Editorial Board

Expertise: Investment Banking | Private Equity

LIBOR stands for London Interbank Offer Rate and is the official rate of interest at which banks can borrow from each other in the UK interbank market.

LIBOR is frequently used as the benchmark for determining short-term interest rates in the United Kingdom.

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Patrick Curtis

Patrick Curtis is a member of WSO Editorial Board which helps ensure the accuracy of content across top articles on Wall Street Oasis. He has experience in investment banking at Rothschild and private equity at Tailwind Capital along with an MBA from the Wharton School of Business. He is also the founder and current CEO of Wall Street Oasis. This content was originally created by member WallStreetOasis.com and has evolved with the help of our mentors.