19/07/2017

INTEREST SWAP rate

  • 1 year - 0.401%
  • 2 year - 0.605%
  • 3 year - 0.700%
  • 5 year - 0.884%
  • 7 year - 1.053%
  • 10 year - 1.267%

MONEY MARKET RATES

  • BANK BASE RATE - 0.25%
  • LIBOR 3 month - 0.30%
  • EURIBOR 3 month - 0.33%

What are Swap Rates?

Swap rates are a device which lenders can obtain a fixed price for lending over a certain period of time (typically 1 to 10 years). 

 

What is LIBOR RATE?

LIBOR stands for London InterBank Offered Rate and is the rate of interest that banks charge to lend money to each other.

 

What is the Bank Base Rate?

The UK Official Bank Rate is the rate paid on deposits with the Bank of England reserve. It's set by the Bank's Monetary Policy Committee in response to economic conditions. The retail banks usually follow this lead, though they have the freedom not to.

A Minimum Lending Rate was set by the Bank of England until 20th August 1981. Following this, rates were set by the government through the Bank of England. Since 1997, responsibility for setting the base rate rests solely with the Bank of England.