What are the historical Libor rates compared to the Fed Funds rate?

The table and chart below show a snapshot of the historical Libor rates compared to the fed funds rate since 1986. Pay particular attention to the Libor rates from 2007–2009, when it diverged from the fed funds rate. In April 2008, the three-month Libor rose to 2.9%, even as the Federal Reserve lowered the fed funds rate to 2%.

How many Libor interest rates are there?

In the past there were 150 LIBOR interest rates: 10 different currencies and 15 maturities per currency. Nowadays there are only a few LIBOR rates left that are generated in a synthetic way.

What is LIBOR & how does it work?

What is LIBOR? LIBOR stands for London InterBank Offered Rate. Originally, LIBOR was an indicative average interest rate at which a selection of banks were prepared to lend one another unsecured funds on the London money market. In the past there were 150 LIBOR interest rates: 10 different currencies and 15 maturities per currency.