"Interbank lending rate refers to the interest rate adopted by commercial banks when borrowing funds. This kind of lending is generally carried out in a short period of time, mainly to meet the bank's capital turnover needs. The interbank lending market is the banking industry One of the important markets, through which commercial banks can borrow funds from each other, maintain their own liquidity, and meet customers' capital needs.

Changes in interbank offered rates are affected by various factors. Generally speaking, the impact of the central bank's policy interest rate on the interbank offered rate is the most significant. When the central bank adjusts the policy rate, interbank lending rates tend to change accordingly. In addition, factors such as market supply and demand, currency market liquidity, and macroeconomic conditions will also have an impact on interbank offered rates.

There are usually two types of interbank interest rates: overnight interest rates and term interest rates. The overnight interest rate refers to the interest rate of the borrowed funds on the day, which is generally based on the interest rate of the central bank's open market operation, plus a certain spread. The term interest rate refers to the interest rate of borrowing funds within a certain period of time. The period is generally 1 month, 3 months, 6 months or 1 year.

Interbank offered rates are very important for banks. If the interbank lending rate is high, the bank needs to pay higher cost to borrow funds, which may lead to increased burden and reduced profit; if the interbank lending rate is low, the bank can obtain funds at a lower cost, thus more Easy to make a profit. Therefore, banks usually pay close attention to changes in interbank offered rates and adjust their lending behavior according to changes in interest rates.

In short, the interbank offered rate is an important reference index in the interbank lending market, and its changes have an important impact on the stability and operating efficiency of the entire financial market. "