Current Forecast of 1 Month LIBOR
Units: Percent per Year, End of Month. Not Seasonally Adjusted.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for 1 Month LIBOR
How This Forecast is Produced
The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.
The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components. The decomposed components of the time series are then projected forward in time.
The London Iterbank Offered Rate, or LIBOR
The London Iterbank Offered Rate, or LIBOR, is an average interest rate London banks charge other London banks for borrowing money. The LIBOR is also estimated for 6 different currencies, thus there are different rates for each term (period of time) and each currency. The rates published here are for USD denominated borrowings.
The LIBORs are used as benchmark interest rates around the world.