An interesting article from Reuters.
The London Interbank Offered Rate essentially reflects the cost of interbank lending:
https://www.reuters.com/business/fin...or-2023-05-31/
For a more in depth understanding of what LIBOR is and why it is being abandoned:
https://www.forbes.com/advisor/investing/what-is-libor/
The London Interbank Offered Rate essentially reflects the cost of interbank lending:
https://www.reuters.com/business/fin...or-2023-05-31/
For a more in depth understanding of what LIBOR is and why it is being abandoned:
https://www.forbes.com/advisor/investing/what-is-libor/