Current Forecast of 1 Year LIBOR

Units: Percent per Year, End of Month.  Not Seasonally Adjusted.

Solid Line = Actual Values.  Dashed Line = Predicted Values.

Forecast Values for 1 Year LIBOR

Apr 20161.2295
May 20161.25
Jun 20161.28
Jul 20161.29
Aug 20161.3
Sep 20161.31
Oct 20161.34

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.