The so-called interbank lending rate refers to the short-term capital lending rate between banks. There are two kinds of interest rates for interbank lending, and the lending rate indicates the interest rate that banks are willing to borrow. The interest rate offered indicates the interest rate that the bank is willing to lend. Lending (borrowing) by one bank is actually lending (lending) by another bank. Compared with the loan interest rate of the same bank, the loan interest rate is always less than the lending interest rate, and the difference is the benefit of the bank.
Furthermore, LIBOR agreed in the financial industry loan agreement is usually the average interest rate quoted by several designated reference banks at a specified time (usually 0:00 am London time). At present, the most widely used LIBOR in the world is 3 months and 6 months. At present, the external financing cost of Chinese banks is a certain percentage based on LIBOR interest rate.
The trend of LIBOR mainly depends on the monetary policies of various countries, and constantly changes with the supply and demand of funds in the market. LIBOR is the most important and commonly used market interest rate benchmark in the world at present, and it is also a reference for the financing cost of banks to raise funds from the market for lending. In addition to the daily quotation information of LIBOR provided by major news communication companies, historical information can also be found on the website of the British Bankers Association (www.bba.org.uk), that is, the recent and historical level of LIBOR is easy to understand.
In addition, from LIBOR's point of view, there are Singapore Interbank Offered Rate (SIBOR), new york Interbank Offered Rate (NIBOR), Hong Kong Interbank Offered Rate (HIBOR) and so on.