The so-called interbank lending rate refers to the short-term capital lending rate between banks. Banks, like people, often lend money to each other. There are two kinds of interest rates for inter-bank lending: the lending rate indicates the interest rate that banks are willing to lend, and the lending rate indicates the interest rate that banks are willing to lend. 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.
In the American market, the general lending rate is in the front and the lending rate is in the back, such as: 3.25-3.50; In the British market, the lending rate is generally the first and then the lending rate, such as 3.50-3.25. But the meaning is the same, meaning "my loan interest rate is 3.25, my loan interest rate is 3.50".
Back to LIBOR, it represents the interest rate that a first-class bank in London lends to another first-class bank in London. Now LIBOR has been used as the basic interest rate of most floating interest rates in the international financial market, based on the financing cost of banks raising funds from the market to borrow. The LIBOR agreed in the loan agreement is usually the average interest rate quoted by several designated reference banks at a specified time (generally London time 165438+ 0: 00 am).
At present, the most widely used LIBOR is 3 months and 6 months. The cost of China's external financing is to add a certain percentage point to LIBOR interest rate. From LIBOR, there are SIBOR, NIBOR, HIBOR and so on.