Search: LIBOR
RBA Glossary definition for LIBOR
LIBOR – The London Inter-Bank Offered Rate (LIBOR) is a reference rate based on the interest rates at which banks offer to transact with each other on an unsecured basis in the London market. The LIBOR reflects quotes by a panel of banks for maturities of up to 12 months for the euro, Japanese yen, Swiss franc, UK Pound sterling, and the US dollar. The reference rates are set at 11.00 am London time.
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The Financial Crisis through the Lens of Foreign Exchange Swap Markets
10 Jun 2010
Bulletin
– June 2010
Anecdotal reports suggest that the actual cost of US dollar funding exceeded LIBOR. ... One reason is that LIBOR is based on indicative (rather than contractual) borrowing rates.
https://www.rba.gov.au/publications/bulletin/2010/jun/7.html
March | 2023
16 Mar 2023
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2023/mar/
Bulletin
18 Apr 2024
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/
Box D: Interbank Reference Rates
10 Aug 2012
SMP
– August 2012
These rates, which extend to 12-month maturities, are known as London Interbank Offered Rates (LIBOR). ... Only a small number of financial contracts are referenced to Australian dollar LIBOR.
https://www.rba.gov.au/publications/smp/2012/aug/box-d.html
Fallbacks for BBSW Securities
16 Jun 2022
Bulletin
– June 2022
The bank bill swap rate (BBSW) is an important short-term benchmark interest rate for Australian financial markets across various maturities.
https://www.rba.gov.au/publications/bulletin/2022/jun/fallbacks-for-bbsw-securities.html
Australian Banks' Global Bond Funding
10 Aug 2006
Bulletin
– August 2006
Coupon type. Floating rate. Floating rate. Benchmark interest rate. 3-month US$ LIBOR. ... US$ London Interbank Offered Rate (LIBOR), while the other party does the opposite.
https://www.rba.gov.au/publications/bulletin/2006/aug/1.html
The Domestic Market for Short-term Debt Securities
10 Sep 2011
Bulletin
– September 2011
This method is very different to that used by the British Bankers' Association when deriving LIBOR (see Box A). ... In recent times, there have been concerns expressed about the reliability and integrity of the LIBOR fixings.
https://www.rba.gov.au/publications/bulletin/2011/sep/5.html
The Impact of the Capital Market Turbulence on Banks' Funding Costs
10 Jun 2009
Bulletin
– June 2009
First, the bank sometimes enters into an interest rate swap to hedge the semi-annual bond coupons against 3-month LIBOR. ... This involves the bank paying 3-month LIBOR plus a spread and receiving 6-month LIBOR.
https://www.rba.gov.au/publications/bulletin/2009/jun/1.html
Box B: US Dollar Swap Arrangements between Central Banks
10 Nov 2008
SMP
– November 2008
In particular, offshore US dollar rates implied by euro-US dollar swaps fell rapidly, and term LIBOR rates began to fall, following the introduction of fixed-rate auctions for unlimited amounts.
https://www.rba.gov.au/publications/smp/2008/nov/box-b.html
Box B: An International Comparison of Pass-through of Policy Rate Changes to Housing Loan Rates
10 Feb 2009
SMP
– February 2009
Variable borrowing rates have only fallen by 40 basis points since August 2007, partly because many of these loans are benchmarked to US dollar LIBOR or the various Cost of Funds
https://www.rba.gov.au/publications/smp/2009/feb/box-b.html