LIBID

Historically and informally a guess at the interest rate at which large banks of good credit standing might be expected to offer to lend to other such banks in the London inter-bank short-term, unsecured money market at a particular time and in a particular currency.

LIBID was formed as a kind of analogy to LIBOR – originally an acronym for London Inter-Bank Offered Rate.

LIBOR and LIBID ended in September 2024.

See also

• LIBOR
• LIMEAN

Other resource

• The end of LIBOR - Press release - Bank of England - 1 October 2024