Overnight LIBOR rate based on GBP 2018-2021
The overnight London Interbank Offered Rate (LIBOR) based on the British pound amounted to 0.18063 percent as of December 31, 2021. This is well below the value of 0.47 percent recorded on January 2, 2018. The LIBOR is one of the primary benchmarks for inter-bank short term lending interest rates around the world. It is calculated as an interest rate average using estimates submitted by the leading banks in London of how much they would be charged if they were to borrow from other banks.
