Three month interbank rate in the U.S. 2015-2023

The three month interbank lending rate in the United States has declined sharply since 2007, when it stood at over five percent. The global financial crisis of 2008-2009 saw the rate collapse to around 0.2 percent by early 2010, with the figure generally remaining below 0.5 percent until late 2015. From late 2015 the rate somewhat recovered, reaching a peak of 2.69 percent in December 2018. However, the economic impact of the global coronavirus (COVID-19) pandemic saw the three month interbank rate collapse again. Since the beginning of 2022, however, the rate increased again and reached 4.61 percent as of January 2023.