The data series is lagged by one week due to an agreement with the source.
London Interbank Offered Rate is the average interest rate at which leading banks borrow funds of a sizeable amount from other banks in the London market. Libor is the most widely used "benchmark" or reference rate for short term interest rates.
In consideration for BBA LIBOR Limited ("BBALL") coordinating and the BBA LIBOR contributor banks and the designated distributor from time to time of the data supplying the data from which BBA LIBOR is compiled, the subscriber acknowledges and agrees that, to the fullest extent permitted by law, none of the foregoing:-
(1) accept any responsibility or liability for the frequency of provision and accuracy of the BBA LIBOR rate or any use made of the BBA LIBOR rate by the subscriber, whether or not arising from their negligence; and
(2) shall be liable for any loss of business or profits nor any direct, indirect or consequential loss or damage resulting from any such irregularity, inaccuracy or use of the BBA LIBOR.
As stated on the British Bankers' Association website (http://www.bbalibor.com/disclaimer):
The Government has recommended the regulation of activities related to LIBOR and a new set of institutions to administer and oversee LIBOR. The Hogg Committee - http://www.hm-treasury.gov.uk/libor_tender.htm - has been set up to oversee a process to recommend these new institutions.
For an interim period until a new administrator has been identified and a successful transition has been completed, the BBA has been asked to continue to support the ongoing collection, calculation and distribution of LIBOR rates.
For your information, and for historic reference purposes only, a link to the previous BBA LIBOR website (pre-regulation) can be found here (http://www.bbalibor.com/). Please note that all information contained within the previous website shall from 2 April 2013 be considered to be for historic reference purposes only and BBA, BBA Enterprises Ltd and BBA LIBOR Ltd accept no responsibility for any reliance placed on any such information from such point in time. To the extent permitted by applicable law, BBA, BBA Enterprises Ltd and BBA LIBOR Ltd expressly disclaim all liability howsoever arising whether in contract, tort or otherwise (including, but not limited to, liability for any negligent act or omissions) to any person in respect of any claims or losses of any nature, arising directly or indirectly from: (i) anything done or the consequences of anything done or omitted to be done wholly or partly in reliance upon the whole or any part of the contents of this website; and (ii) the use of any data or materials on this website or unauthorised access to this website or otherwise. Information on this website is not offered as advice on any particular matter and must not be treated as a substitute for specific advice. In particular, information on this website does not constitute professional, financial or investment advice and must not be used as a basis for making investment decisions and is in no way intended, directly or indirectly, as an invitation or offer to buy, sell, hold, lend, subscribe for, or otherwise deal in any legal or beneficial interest in any financial instrument.
Copyright, 2012, BBA LIBOR Limited.