What Is Libor Rate?

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12-06-18

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London Inter-Bank Offered Rate, popularly known as LIBOR is the benchmark rate which the banks charge each other for short term loans. It is also known as ICE LIBOR or Intercontinental Exchange LIBOR. In other words, it is the average of the interest rates estimated by each of the leading and most prominent banks in London that according to them would be charged from them if they borrow from other banks for more details.
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