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    This page provides monthly forecasts of the Bloomberg Short-Term Bank Yield Index, a benchmark of the short-term lending rate between large global banks. The BSBY rate was introduced in 2021 as an alternative to the now-defunct London interbank offer rate (Libor).

    Both historical data and forecasted values on this page reflect period average values.


    Our Market Consensus Forecast for the Bloomberg Short-Term Bank Yield Index (BSBY) is generated utilizing data on publicly-traded BSBY futures and other closely related benchmark interest rates. Using this information, we construct a forward term structure for the full yield curve. The term structure is interpolated and smoothed using a three-factor parametrization model, generating the final forecast.

    This forecast can be interpreted as the mean market-expected values of future BSBY values.

    This model is updated daily around 10:30 ET (14:30/15:30 UTC) on market days.


    Recommended citation for the Consensus Interest Rate Forecast Model :
    econforecasting.com (2023). Consensus Interest Rate Forecast Model. Retrieved from https://econforecasting.com/forecast-estr.