Question: is libor an annual rate?
Answer: 1 Answer. To answer the first part, it's an "annualised" interest rate convention - like all other quoted interest rates. ... Technically, LIBOR (London Interbank Offer Rate) is a polled rate of "large" banks in a number of currencies. There are similar "fixes", such as Euribor (Euro area), TIBOR (Japan), CDOR (Canada).