The London Inter-Bank Offered Rate (LIBOR), established in 1969, is an estimate of the interest rate for which London banks can borrow from each other, and it became the leading international interest rate benchmark. This estimate is based on the average rate at which panel banks can obtain unsecure
```
Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp