LIBOR
LIBOR is a benchmark interest rate set by input from a panel of banks. LIBOR will cease to be published on June 30, 2023. It has been used to set the interest rate in floating rate, adjustable rate or variable rate instruments or loans, in which the interest rate periodically resets (such as every three months or every year) over the life of the instrument or loan. U.S.-dollar LIBOR was used once in over $200 trillion of financial instruments, ranging from sophisticated financial and investment derivatives to bonds, bank loans and consumer products, like adjustable rate mortgages and student loans.
Concept at a glance
Definition and explanation
LIBOR is a benchmark interest rate set by input from a panel of banks. LIBOR will cease to be published on June 30, 2023. It has been used to set the interest rate in floating rate, adjustable rate or variable rate instruments or loans, in which the interest rate periodically resets (such as every three months or every year) over the life of the instrument or loan. U.S.-dollar LIBOR was used once in over $200 trillion of financial instruments, ranging from sophisticated financial and investment derivatives to bonds, bank loans and consumer products, like adjustable rate mortgages and student loans. [1]
Source-supported connections
Frequently asked questions
What does LIBOR mean in the cited reference?
LIBOR is a benchmark interest rate set by input from a panel of banks. LIBOR will cease to be published on June 30, 2023. It has been used to set the interest rate in floating rate, adjustable rate or variable rate instruments or loans, in which the interest rate periodically resets (such as every three months or every year) over the life of the instrument or loan. U.S.-dollar LIBOR was used once in over $200 trillion of financial instruments, ranging from sophisticated financial and investment derivatives to bonds, bank loans and consumer products, like adjustable rate mortgages and student loans. [1]
LIBOR connection map
Select a node to inspect the relationship and source.
Links retain their source-specific meaning. Award-time affiliations and links to related reading are not claims about current appointments or economic causation.
Sources and review dates
Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.