Li: It refers to the London Interbank Offered Rate.
BP: BP:P (basis point), 1BP=0.0 1% is the lowest variation unit of pointing error.
Bps: bps is a complex number of bp, the basic point.
LIBOR should be the benchmark interest rate plus 300*0.0 1%=3%.
Extended data interbank lending rate refers to the short-term capital lending rate between financial institutions. It has two kinds of interest rates, the loan interest rate indicates the interest rate that financial institutions are willing to lend; The loan interest rate indicates the interest rate you are willing to lend.
Interbank lending rate is the capital price of the lending market, the core interest rate of the money market and the representative interest rate of the whole financial market. It can timely, sensitively and accurately reflect the short-term capital supply and demand relationship in the money market and even the whole financial market.
When the interbank lending rate continues to rise, it reflects that the demand for funds is greater than the supply, which indicates that the market liquidity may decline. When the interbank lending rate drops, the situation is just the opposite.
At present, the representative interbank lending rates in the money market are as follows: US federal funds rate, London Interbank Offered Rate (LIBOR), Singapore Interbank Offered Rate, Hong Kong Interbank Offered Rate and Shanghai Interbank Offered Rate.
References:
Baidu Encyclopedia: Interbank Offered Rate